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%.