Hasbro's first-quarter results beat expectations with strong gaming unit performance.

From Yahoo Finance: 2025-04-24 06:37:00

Hasbro’s quarterly results surpassed Wall Street estimates, with a 17.1% revenue increase to $887.1 million in the first quarter. The toymaker’s shares rose 12% due to strength in the gaming segment and digital gaming revenue jumping 46%. Hasbro remains optimistic despite uncertainty related to Trump administration’s tariffs.

The company, which sources half of its toys from China, is reassessing logistics and manufacturing to reduce exposure to China. Hasbro’s efforts to diversify sourcing and streamline supply chain have helped achieve an adjusted operating margin of 25.1%. Analysts believe Hasbro is well-positioned to navigate global trade concerns.

Efforts to attract younger customers through digital and licensed gaming have paid off for Hasbro, with revenue from the digital gaming segment seeing a significant increase. The company’s adjusted earnings per share of $1.04 beat estimates of 67 cents. Hasbro remains confident in its 2025 guidance despite concerns about global trade tensions.

Read more: Toymaker Hasbro’s first-quarter results beat on gaming unit strength