Tag: Chris Cocks

Hasbro has reported that its Q4 revenues rose 31 percent year-over-year to $1.4 billion, with growth in its Wizards of the Coast and digital gaming segment and consumer products category.

Hasbro’s third-quarter revenues rose 8 percent year-over-year, reaching $1.39 billion, driven by double-digit growth in its Wizards of the Coast and digital gaming segment.

Hasbro is relocating its corporate headquarters from Rhode Island to Boston, with at least 700 full-time employees expected to transition to the new base by the end of 2026.

Hasbro is projecting its full-year revenues will rise by mid-single digits on the heels of gains in its digital gaming business.

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 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.