other material
confidence high
sentiment negative
materiality 0.90
Rockstar acquisition: $1.53B impairment in H1 2025; FY2024 net revenue $373M
Celsius Holdings, Inc.
- Rockstar net revenue $373M in FY2024, down from $380M in FY2023; net less direct expenses $58M vs $18M.
- Indefinite-lived intangible asset (brand) valued at $2,076M at Dec 2024; no impairment in FY2023 or FY2024.
- 24 weeks to June 14, 2025: net revenue $172M (down 5.5% YoY); impairment of $1,529M recognized.
- Pre-tax impairment driven by lower business performance and reduced future expectations; recorded prior to Celsius acquisition close.
- Related party sales to PepsiCo were $236M in FY2024 and $245M in FY2023.