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The research’s verdict on who produced the $15.7 billion 2025 figure in License Global’s ranking

2025 (LG 2026 ed.)

EstimateA reasoned judgement from indirect evidence, not a document.

What this is

The research’s verdict on who produced the $15.7 billion 2025 figure in License Global’s ranking: most likely the company itself, not the publisher.

How it’s built

  1. The “(E)” estimate mark on the 2025 row comes from a single unarchived web read, so it is unverified.
  2. The company submitted unmarked figures in each of 2021–2024.
  3. The publisher’s own estimates usually repeat a brand’s last figure; a 31% jump would be its largest ever.
  4. Scaling 2024’s $12bn by the parent’s revenue growth does not reproduce $15.70bn exactly.

What we assumed

  • The publisher still flags its own estimates on company pages.Its 2024 edition said so explicitly; later editions do not restate the rule.
  • The publisher would convert currency at calendar-year averages.Another convention moves the scaling test by about 1%, enough to matter.

Sanity check

Settled only by seeing the company’s page in the 2026 edition, which has been requested. Until then both readings remain possible.

The value

  • Supersedes: 'The 2025 $15.70B is LG's own estimate'.

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
  1. Synthesis of,, and the marker evidence /
  2. No document says who supplied the number

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