From Financial Modeling Prep: 2025-04-24 17:15:00

Hasbro (NASDAQ: HAS) exceeded expectations in Q1 with adjusted earnings of $1.04 per share, beating estimates of $0.69. Revenue hit $887.1 million, up 17% YoY, driven by Wizards of the Coast and Digital Gaming, which saw a 46% revenue increase. Despite a 4% decline in Consumer Products, major franchises softened the blow.

Hasbro’s Wizards of the Coast and Digital Gaming segment thrived in Q1, with revenue up 46% YoY, led by MAGIC: THE GATHERING’s popularity. Operating profit rose 87%, with an operating margin close to 50%. The strong performance propelled shares up over 14% on Thursday, showcasing the segment’s success.

Despite a 4% decline in the Consumer Products segment, Hasbro’s overall performance in Q1 exceeded expectations. Revenue reached $887.1 million, beating consensus estimates of $771.15 million. Major franchises like Marvel, Beyblade, and Transformers helped offset the decline in consumer spending, showcasing the company’s resilience.

Hasbro remains confident in its full-year 2025 outlook, despite potential tariff uncertainties. The company declared a $0.70 per share quarterly dividend, payable on June 4, reinforcing its commitment to shareholders. The strong Q1 performance and outlook for the rest of the year demonstrate Hasbro’s continued growth and success in the market.



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