Hasbro Q1 2025 Earnings Report
Key Takeaways
Hasbro delivered a solid Q1 2025, led by exceptional growth in its Wizards and Digital Gaming segment. Despite a decline in consumer products and entertainment revenue, the company achieved higher margins and net income driven by a favorable business mix.
Wizards and Digital Gaming revenue rose 46%, fueled by strong MAGIC: THE GATHERING and digital game sales.
Adjusted EPS increased to $1.04, reflecting a more profitable product mix.
Operating income reached $170,700,000 with adjusted margins improving to 25.1%.
Consumer Products and Entertainment segments faced modest revenue declines but showed operational efficiency gains.
Hasbro
Hasbro
Hasbro Revenue by Segment
Hasbro Revenue by Geographic Location
Forward Guidance
Hasbro maintained its full-year guidance amid tariff uncertainties while emphasizing continued margin growth and strategic cost savings.
Positive Outlook
- Extended licensing deal with Disney supports future revenue.
- Wizards segment continues strong growth trajectory.
- Strategic focus on higher-margin segments driving profitability.
- Cost savings program progressing towards $1B target.
- Adjusted EBITDA up 59% YoY indicating strong operational leverage.
Challenges Ahead
- Tariff uncertainty could impact future cost structure.
- Consumer Products segment still facing headwinds.
- Entertainment revenue impacted by deal timing.
- Operating cash flow declined vs. prior year.
- Exposure to global economic conditions and currency fluctuations remains a risk.
Revenue & Expenses
Visualization of income flow from segment revenue to net income