Hasbro Reports Q2 Profit Boosted by Digital Gaming

Revenue falls 18% due to eOne sale, but digital gaming and 'kidult' market drive profitability.

Hasbro's Q2 profit reached $138.5 million, reversing a $235 million loss from the previous year.
Digital gaming segment saw a 20% revenue increase, offsetting declines in traditional toys and entertainment.
The sale of eOne led to a 90% drop in entertainment revenue, contributing to an overall revenue decline.
CEO Chris Cocks emphasized the company's strategic shift towards digital gaming and the 'kidult' market.
Hasbro expects further revenue declines for the year but aims to cut costs by $750 million by 2025.