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Hasbro Reports Strong Q1 Growth and Extends Disney Licensing Deal

The toy maker beat revenue and earnings expectations, driven by digital gaming growth and cost-saving measures, while reaffirming its full-year outlook.

Hasbro logo
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Hasbro CEO Chris Cocks credited the quarter’s success to massive growth in its Wizards of the Coast segment.

Overview

  • Hasbro's Q1 FY25 revenue increased 17.14% year-over-year to $887.1 million, surpassing analyst estimates of $771.15 million.
  • Adjusted EPS came in at $1.04, significantly exceeding the projected $0.67 per share.
  • The Wizards of the Coast and Digital Gaming segment saw a 46% revenue surge, while Consumer Products and Entertainment segments declined by 4% and 5%, respectively.
  • Hasbro renewed its multi-year licensing deal with Disney, securing rights to produce toys for Marvel and Star Wars franchises.
  • The company maintained its FY25 guidance, forecasting slight revenue growth, adjusted EBITDA of $1.1–$1.15 billion, and operating margins of 21–22%.