{"id":18068,"date":"2020-02-11T09:29:19","date_gmt":"2020-02-11T14:29:19","guid":{"rendered":"https:\/\/dev2.worldscreen.com\/tvkids\/frozen-2-star-wars-toys-boost-hasbros-q4-revenue\/"},"modified":"2020-02-11T09:29:19","modified_gmt":"2020-02-11T14:29:19","slug":"frozen-2-star-wars-toys-boost-hasbros-q4-revenue","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvkids\/frozen-2-star-wars-toys-boost-hasbros-q4-revenue\/","title":{"rendered":"Frozen 2, Star Wars Toys Boost Hasbro&#8217;s Q4 Revenue"},"content":{"rendered":"<p>Fourth-quarter 2019 revenues at Hasbro increased 3 percent to $1.43 billion, bolstered by strong demand for products for Disney&#8217;s <em>Frozen 2<\/em> and <em>Star Wars<\/em>.<\/p>\n<p>\u201cThe global Hasbro team delivered a good year and achieved key objectives we set for 2019,&#8221; said Brian Goldner, Hasbro\u2019s chairman and chief executive officer. &#8220;We profitably grew revenues across regions absent foreign exchange supported by the successful execution of our channel strategy; we delivered growth in Magic: The Gathering driven by the successful launch of Arena and we executed at a high level during the holiday season. Our acquisition of Entertainment One accelerates our Brand Blueprint strategy and significantly expands our expertise and capabilities as a global play and entertainment company. Our teams are actively engaged to unlock value across our organization\u2014in gaming, in toys, in consumer products and in entertainment.&#8221;<\/p>\n<p>Net earnings for the fourth quarter of 2019 were $267.3 million, compared to $8.8 million in the fourth quarter of 2018.<\/p>\n<p>For the full-year 2019, net revenues increased 3 percent to $4.72 billion. Net earnings were $520.5 million, compared to $220.4 million.<\/p>\n<p>In the first quarter of fiscal 2020, Hasbro completed the acquisition of Entertainment One (eOne). Hasbro&#8217;s financial results for Q4 and full-year 2019 do not include the results of eOne but were impacted by eOne acquisition financing, foreign exchange hedges and other activities. These include $2.4 billion, net of discounts and fees, related to the issuance of long-term debt; $975.2 million, net of fees, related to the equity issuance of 10.6 million shares of common stock; $10.7 million in interest expense associated with the long-term debt issuance; and $17.8 million of eOne acquisition-related costs for the fourth quarter and full-year 2019.<\/p>\n<p>Full-year 2019 entertainment, licensing and digital segment net revenues increased 22 percent to $434.5 million. The revenue growth was fueled by the first full year of Magic: The Gathering Arena, Hasbro&#8217;s share of revenues from the <em>Transformers: Bumblebee<\/em> film earned to date, consumer products revenue growth and higher digital gaming licensing revenues. This was partly offset by lower digital streaming revenues versus 2018&#8217;s multiyear digital streaming deal for Hasbro television programming.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fourth-quarter 2019 revenues at Hasbro increased 3 percent to $1.43 billion, bolstered by strong demand for products for Disney&#8217;s Frozen 2 and Star Wars.<\/p>\n","protected":false},"author":350,"featured_media":18069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":0,"footnotes":""},"categories":[21],"tags":[166],"class_list":["post-18068","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-top-stories","tag-hasbro","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Frozen 2, Star Wars Toys Boost Hasbro&#039;s Q4 Revenue - TVKIDS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldscreen.com\/tvkids\/frozen-2-star-wars-toys-boost-hasbros-q4-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Frozen 2, Star Wars Toys Boost Hasbro&#039;s Q4 Revenue - 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