Tag: Chris Cocks

Hasbro swung to a profit of $138.5 million in the second quarter on revenues that were down 18 percent to $995.3 million, largely from its sale of the Entertainment One assets.

Hasbro has emerged from the year-ago’s net loss to post a Q1 profit of $58.2 million on revenues of $757.3 million.

Revenues slipped by 15 percent in fiscal 2023 and by 23 percent in Q4 at Hasbro as gains in digital gaming were offset by declines in consumer products and entertainment.

While revenues from its family brands segment rose, overall entertainment revenues at Hasbro fell 42 percent, largely due to the writers' and actors' strikes.