Overview

• Hasbro delivered adjusted EPS of $1.30 compared with analysts’ $0.78 forecast and generated $980.8 million in Q2 revenue against an $880 million estimate.
• Magic: The Gathering revenue climbed 23% year over year thanks to its Final Fantasy set while mobile game Monopoly Go! contributed $44 million in the quarter.
• The company took a $1 billion goodwill write-down in its consumer products segment after retailers deferred holiday orders amid economic uncertainty.
• Management raised full-year revenue growth guidance to a mid-single-digit range and increased adjusted EBITDA expectations to $1.17–$1.20 billion.
• CFO Gina Goetter said updated tariffs of 30% on China and 20% on Vietnam will keep 2025 import costs at the low end of a $60–$180 million forecast as Hasbro accelerates efforts to reduce China dependence below 40% by 2027.