Hasbro Sees Q1 Gains

Hasbro reported a strong first quarter, with revenues rising 17 percent to $887.1 million and net profit almost doubling to $98.6 million.

“Hasbro’s Playing to Win strategy is delivering in a challenging environment,” said Chris Cocks, CEO. “We’re outperforming today and building for tomorrow through disciplined execution, standout partnerships like our extended Disney agreement and future-focused bets that are already paying off.”

CFO Gina Goetter added: “We delivered strong revenue growth and a meaningful profit lift in Q1, driven by a strategic shift toward higher-margin businesses. As we progress toward our $ 1 billion cost savings goal, the strength of Wizards, licensing and our asset-light model continues to offset tariff pressures and support margins.”

A key driver in Q1 was the Wizards and digital gaming segment, where revenues were up 46 percent, driven by Magic: The Gathering. Consumer products was down by 4 percent. In the entertainment business, revenues slipped by 5 percent due to the timing of deals, with the segment reporting an $11 million loss.