What this is
The stated '+40%' does not follow from ICv2's own 2024 $2.84bn (K-3); the level is used, not the growth. Store cut on all hobby TCG dollars at the hobby store band 0.44–0.50, treating ICv2's estimate as list-value retail (assumption).
The values
- Hobby games 2025: $3,660m
- Card game share: 0.667
- Card game in hobby: $2,440m
- Growth from stated 2024 2840: 28.9%
- Stated growth: 40%
- 2024 base implied by 40pct: $2,614m
Some detail is too fine to show here; it is kept in the trainer’s notes.
Where it comes from
Our calculation from other figures in the trainer’s notes:
Show the working
- 3,660 × 2/3 = 2,440
- 3,660/2,840 − 1 = 28.9%
- 3,660/1.40 = 2,614
- 2,440 × 0.44 = 1,074, × 0.50 = 1,220