Overview

• The company eliminated roughly 150 positions, representing 3% of its global workforce, in its latest round of layoffs.
• This reduction supports a multiyear plan to trim $1 billion in operating costs.
• US tariffs on Chinese imports have climbed above 50%, prompting Hasbro to budget up to $300 million in related expenses for 2025.
• To limit future tariff impacts, Hasbro is accelerating diversification of its manufacturing footprint away from China.
• Its digital gaming segment jumped 56% year over year in Q1, lifting overall revenue by 17% despite a 4% decline and a $31 million operating loss in consumer products.