Latest news with #MAGIC:THEGATHERING
Business Wire
a day ago
- Business
- Business Wire
Hasbro to Announce Second Quarter 2025 Earnings on July 23, 2025
PAWTUCKET, R.I.--(BUSINESS WIRE)-- Hasbro, Inc. (NASDAQ: HAS) announced today that the company's second quarter financial results will be released before the market open on Wednesday, July 23, 2025. Hasbro will webcast its second quarter 2025 earnings conference call at 8:30 a.m. Eastern Time. Hasbro to Announce Second Quarter 2025 Earnings on July 23, 2025 Certain financial and statistical information included in the webcast, such as information required by Regulation G, will be available at the time of the webcast on Hasbro's Investor Relations website at The webcast and the accompanying presentation slides will be available to investors and the media on Hasbro's Investor Relations home page at A replay of the call will be hosted at the same location approximately two hours following completion of the event and will be available for 12 months following the date of the call. About Hasbro Hasbro is a leading games, IP and toy company whose mission is to create joy and community through the magic of play. With over 100 years of expertise, Hasbro delivers groundbreaking play experiences and reaches over 500 million kids, families and fans around the world, through physical and digital games, video games, toys, licensed consumer products, location-based entertainment, film, TV and more. Through its franchise-first approach, Hasbro unlocks value from both new and legacy IP, including MAGIC: THE GATHERING, DUNGEONS & DRAGONS, MONOPOLY, HASBRO GAMES, NERF, TRANSFORMERS, PLAY-DOH and PEPPA PIG, as well as premier partner brands. Powered by its portfolio of thousands of iconic marks and a diversified network of partners and subsidiary studios, Hasbro brings fans together wherever they are, from tabletop to screen. For more than a decade, Hasbro has been consistently recognized for its corporate citizenship, including being named one of the 100 Best Corporate Citizens by 3BL Media, a 2025 JUST Capital Industry Leader, one of the 50 Most Community-Minded Companies in the U.S. by the Civic 50, and a Brand that Matters by Fast Company. For more information, visit or @Hasbro on LinkedIn. © 2025 Hasbro, Inc. All Rights Reserved. HAS-IR
Business Wire
2 days ago
- Entertainment
- Business Wire
Hasbro Strikes New Multi-Year Casino Licensing Partnerships
PAWTUCKET, R.I.--(BUSINESS WIRE)--Hasbro, a leading games, IP, and toy company today announced a new slate of multi-year licensing partnerships aimed at transforming and expanding its most popular brands across the casino category. After a comprehensive review and market evaluation, Hasbro has selected Aristocrat Technologies, Evolution, Galaxy Gaming, and Bally's as its newest partners in casino licensing. The new partners join existing licensee Sciplay. The announcement underscores Hasbro's 'Playing to Win' strategy, revealed in February 2025, which focuses on innovation, partnerships, and bringing beloved brands to life across more formats than ever. 'We're all about play—and that means meeting our fans wherever they are, from the game table to the casino floor,' said Claire Hunter Gregson, Director, Gaming Relationships. 'These visionary new partners have the expertise and imagination to reimagine our brands in bold, exciting ways for adult audiences.' Hasbro has a nearly 30-year history of licensing its age-appropriate IP to the gambling sector. With this new lineup of partners, the company is expanding access to entertainment experiences that reimagine its brands for a growing base of adult fans and gamers. Following is the list of partners: Aristocrat Technologies – B2B manufacturer land-based slot machines (MONOPOLY) Evolution – B2B developer for online slots and live casino (MONOPOLY, Hasbro Games) Galaxy Gaming – B2B developer and manufacturer for casino table games (MONOPOLY, YAHTZEE, BATTLESHIP) Bally's – B2C Online casino operator (MONOPOLY) With new titles launching in January 2026, adult fans will see some of Hasbro's beloved brands integrated into new and existing casino formats, including land-based gaming slots, online gaming slots, casino table games, and online casinos. About Hasbro Hasbro is a leading games, IP and toy company whose mission is to create joy and community through the magic of play. With over 100 years of expertise, Hasbro delivers groundbreaking play experiences and reaches over 500 million kids, families and fans around the world, through physical and digital games, video games, toys, licensed consumer products, location-based entertainment, film, TV and more. Through its franchise-first approach, Hasbro unlocks value from both new and legacy IP, including MAGIC: THE GATHERING, DUNGEONS & DRAGONS, MONOPOLY, HASBRO GAMES, NERF, TRANSFORMERS, PLAY-DOH and PEPPA PIG, as well as premier partner brands. Powered by its portfolio of thousands of iconic marks and a diversified network of partners and subsidiary studios, Hasbro brings fans together wherever they are, from tabletop to screen. For more than a decade, Hasbro has been consistently recognized for its corporate citizenship, including being named one of the 100 Best Corporate Citizens by 3BL Media, a 2025 JUST Capital Industry Leader, one of the 50 Most Community-Minded Companies in the U.S. by the Civic 50, and a Brand that Matters by Fast Company. For more information, visit or @Hasbro on LinkedIn. About Aristocrat Gaming Aristocrat Gaming is a leading designer, manufacturer, and distributor of regulated land-based slot and electronic games across the globe. From award-winning games and hardware to unique game mechanics and leading performance, Aristocrat Gaming delivers the best seat in the house wherever and whenever the world plays. Part of Aristocrat Leisure Limited (ASX: ALL), Aristocrat Gaming delivers end-to-end solutions to customers in more than 300 jurisdictions across the globe. We strive to be an industry leader in responsible gameplay, as part of ensuring a vibrant and sustainable industry. For further information, visit the company's website at Follow Aristocrat Gaming on Facebook, Instagram, and LinkedIn. About Bally's Corporation Bally's Corporation (NYSE: BALY) is a global casino-entertainment company with a growing omni-channel presence. Bally's owns and operates 20 casinos internationally including 1 retail casino in Newcastle, UK, 11 states across the US, along with a golf course in New York and a horse racetrack in Colorado and holds OSB licenses in 13 jurisdictions in North America. It also owns Bally Bet, a first-in-class sports betting platform, Bally Casino, a growing iCasino platform, Bally's Interactive International division (formerly Gamesys Group), a leading global interactive gaming operator, and a significant economic stake in Intralot S.A. (ATSE: INLOT), a global lottery management and services business. With 11,500 employees, its casino operations include approximately 17,700 slot machines, 630 table games, and 3,950 hotel rooms. Bally's also has rights to developable land in Las Vegas at the site of the former Tropicana Las Vegas. About Evolution Evolution AB (publ) ('Evolution') Evolution develops, produces, markets and licenses fully integrated B2B Online Casino solutions to gaming operators. Since its inception in 2006, Evolution has developed into a leading B2B provider with 800+ operators among its customers. The group currently employs 22,200+ people in studios across Europe and in North America. The parent company is based in Sweden and listed on Nasdaq Stockholm with the ticker EVO. Visit for more information. Evolution is licensed and regulated by the Malta Gaming Authority under license MGA/B2B/187/2010. Evolution is also licensed and regulated in many other jurisdictions such as the United Kingdom, Belgium, Canada, Romania, South Africa, and others. About Galaxy Gaming Headquartered in Las Vegas, Nevada, Galaxy Gaming ( develops and distributes innovative games, bonusing systems, and technology solutions to physical and online casinos worldwide. Galaxy Gaming offers games proven to perform developed by gaming experts and backed by the highest level of customer support. Galaxy Gaming Digital is the world's leading licensor of proprietary table games to the online gaming industry. Galaxy Gaming has 131 licenses worldwide, including licenses in 28 U.S. states. About Light & Wonder, Inc. SciPlay is a wholly-owned subsidiary of Light & Wonder. Light & Wonder, Inc. is the leading cross-platform global games company. Through our three unique, yet highly complementary businesses, we deliver unforgettable experiences by combining the exceptional talents of our 6,000+ member team, with a deep understanding of our customers and players. We create immersive content that forges lasting connections with players, wherever they choose to engage. At Light & Wonder, it's all about the games. The company is committed to the highest standards of integrity, from promoting player responsibility to implementing sustainable practices. To learn more visit
Yahoo
30-04-2025
- Entertainment
- Yahoo
Hasbro to Participate in the J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference
Fireside Chat to be Webcast Live PAWTUCKET, R.I., April 30, 2025--(BUSINESS WIRE)--Hasbro, Inc. (NASDAQ: HAS) today announced that Gina Goetter, Hasbro's Chief Financial Officer and Chief Operating Officer, will participate in the J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference on Wednesday, May 14, 2025 at 10:00 AM Eastern time. Presentation times are subject to change. Please contact the conference host firm for additional details. The webcast will be available on Hasbro's Investor Relations home page at For those unable to listen to the live webcast, an archive of the presentation will be available on the Company's website for approximately 30 days. About HasbroHasbro is a leading games, IP and toy company whose mission is to create joy and community through the magic of play. With over 100 years of expertise, Hasbro delivers groundbreaking play experiences and reaches over 500 million kids, families and fans around the world, through physical and digital games, video games, toys, licensed consumer products, location-based entertainment, film, TV and more. Through its franchise-first approach, Hasbro unlocks value from both new and legacy IP, including MAGIC: THE GATHERING, DUNGEONS & DRAGONS, MONOPOLY, HASBRO GAMES, NERF, TRANSFORMERS, PLAY-DOH and PEPPA PIG, as well as premier partner brands. Powered by its portfolio of thousands of iconic marks and a diversified network of partners and subsidiary studios, Hasbro brings fans together wherever they are, from tabletop to screen. For more than a decade, Hasbro has been consistently recognized for its corporate citizenship, including being named one of the 100 Best Corporate Citizens by 3BL Media, a 2025 JUST Capital Industry Leader, one of the 50 Most Community-Minded Companies in the U.S. by the Civic 50, and a Brand that Matters by Fast Company. For more information, visit or @Hasbro on LinkedIn. © 2025 Hasbro, Inc. All Rights Reserved. HAS-IR View source version on Contacts Investors: Fred Wightman | Hasbro, Inc. | hasbro_investor_relations@ Media: Roberta Thomson | Hasbro, Inc. | communications@ Sign in to access your portfolio
Business Wire
30-04-2025
- Business
- Business Wire
Hasbro to Participate in the J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference
PAWTUCKET, R.I.--(BUSINESS WIRE)-- Hasbro, Inc. (NASDAQ: HAS) today announced that Gina Goetter, Hasbro's Chief Financial Officer and Chief Operating Officer, will participate in the J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference on Wednesday, May 14, 2025 at 10:00 AM Eastern time. Presentation times are subject to change. Please contact the conference host firm for additional details. The webcast will be available on Hasbro's Investor Relations home page at For those unable to listen to the live webcast, an archive of the presentation will be available on the Company's website for approximately 30 days. About Hasbro Hasbro is a leading games, IP and toy company whose mission is to create joy and community through the magic of play. With over 100 years of expertise, Hasbro delivers groundbreaking play experiences and reaches over 500 million kids, families and fans around the world, through physical and digital games, video games, toys, licensed consumer products, location-based entertainment, film, TV and more. Through its franchise-first approach, Hasbro unlocks value from both new and legacy IP, including MAGIC: THE GATHERING, DUNGEONS & DRAGONS, MONOPOLY, HASBRO GAMES, NERF, TRANSFORMERS, PLAY-DOH and PEPPA PIG, as well as premier partner brands. Powered by its portfolio of thousands of iconic marks and a diversified network of partners and subsidiary studios, Hasbro brings fans together wherever they are, from tabletop to screen. For more than a decade, Hasbro has been consistently recognized for its corporate citizenship, including being named one of the 100 Best Corporate Citizens by 3BL Media, a 2025 JUST Capital Industry Leader, one of the 50 Most Community-Minded Companies in the U.S. by the Civic 50, and a Brand that Matters by Fast Company. For more information, visit or @Hasbro on LinkedIn. © 2025 Hasbro, Inc. All Rights Reserved. HAS-IR
Business Wire
24-04-2025
- Business
- Business Wire
Hasbro Reports First Quarter 2025 Financial Results
PAWTUCKET, R.I.--(BUSINESS WIRE)--Hasbro, Inc. (NASDAQ: HAS), a leading games, IP, and toy company, today reported financial results for the first quarter 2025. Hasbro Reports First Quarter 2025 Revenue, Operating Profit and Net Earnings Growth Share 'Hasbro's Playing to Win strategy is delivering in a challenging environment. We're outperforming today and building for tomorrow through disciplined execution, standout partnerships like our extended Disney agreement, and future-focused bets that are already paying off,' said Chris Cocks, Hasbro Chief Executive Officer. 'We delivered strong revenue growth and a meaningful profit lift in Q1, driven by a strategic shift toward higher-margin businesses. As we progress toward our $1 billion cost savings goal, the strength of Wizards, licensing, and our asset-light model continues to offset tariff pressures and support margins,' said Gina Goetter, Chief Financial Officer and Chief Operating Officer at Hasbro. First Quarter 2025 Highlights Hasbro, Inc. first quarter revenue increased 17% driven by 46% growth in the Wizards and Digital Gaming segment. Consumer Products declined 4%, outperforming expectations. Operating profit reached $171 million (19.2% margin); Adjusted operating profit was $222 million, up $74 million with 25.1% margin (+5.5 points), driven by revenue growth and favorable mix. Tariffs had no material impact on Q1 results due to timing of implementation. EPS was $0.70 per diluted share reported and $1.04 per diluted share adjusted, reflecting stronger mix and profitability. Operating cash flow was $138 million vs. $178 million last year, reflecting accounts receivable timing. Returned $98 million to shareholders via dividends and reduced debt by $50 million. First Quarter 2025 Segment Details Wizards of the Coast and Digital Gaming Segment Revenue increased 46% behind strong growth in MAGIC: THE GATHERING, ongoing momentum in digital and licensed gaming and DUNGEONS & DRAGONS. MAGIC: THE GATHERING revenue increased 45% with growth in tabletop and ARENA. Monopoly Go! contributed $39M of revenue in the quarter. Operating profit increased 87% and operating margin was 49.8%, up 11.0 points due to business mix. Consumer Products Segment Revenue decrease of 4% beating expectations, driven by strong licensing performance. Operating margin of -11.0%; Adjusted margin improved +1.4 points to -7.8% as lower operating expenses were offset by higher royalties and advertising. Growth across key brands including MARVEL, BEYBLADE, TRANSFORMERS, MONOPOLY and licensed products. Entertainment Segment Revenues declined 5% in the quarter related to the timing of deals. Operating loss of $11 million compared to operating profit of $6 million in the first quarter 2024. Adjusted operating profit of $17 million compared to adjusted operating profit of $18 million in the first quarter 2024. See the financial tables accompanying the press release for a reconciliation of GAAP to non-GAAP financial measures. 2025 Company Outlook and Capital Allocation The Company is not changing its full year guidance issued on February 20, 2025, given the uncertainty of the current tariff environment. The Company's capital allocation priorities are to invest in the core business; strengthen its balance sheet and progress towards its leverage target; and return cash to shareholders. Dividend Announcement During the first quarter, the Company paid $98 million in cash dividends to shareholders. The Board of Directors has declared a quarterly cash dividend of $0.70 per common share payable on June 4, 2025, to shareholders of record at the close of business on May 21, 2025. Conference Call Webcast Hasbro will webcast its first quarter 2025 earnings conference call at 8:30 a.m. Eastern Time today. To listen to the live webcast and access the accompanying presentation slides, please go to The replay of the call will be available on Hasbro's website approximately 2 hours following completion of the call. About Hasbro Hasbro is a leading games, IP and toy company whose mission is to create joy and community through the magic of play. With over 100 years of expertise, Hasbro delivers groundbreaking play experiences and reaches over 500 million kids, families and fans around the world, through physical and digital games, video games, toys, licensed consumer products, location-based entertainment, film, TV and more. Through its franchise-first approach, Hasbro unlocks value from both new and legacy IP, including MAGIC: THE GATHERING, DUNGEONS & DRAGONS, MONOPOLY, HASBRO GAMES, NERF, TRANSFORMERS, PLAY-DOH and PEPPA PIG, as well as premier partner brands. Powered by its portfolio of thousands of iconic marks and a diversified network of partners and subsidiary studios, Hasbro brings fans together wherever they are, from tabletop to screen. For more than a decade, Hasbro has been consistently recognized for its corporate citizenship, including being named one of the 100 Best Corporate Citizens by 3BL Media, a 2025 JUST Capital Industry Leader, one of the 50 Most Community-Minded Companies in the U.S. by the Civic 50, and a Brand that Matters by Fast Company. For more information, visit or @Hasbro on LinkedIn. © 2025 Hasbro, Inc. All Rights Reserved. Forward Looking Statement Safe Harbor Certain statements in this press release contain 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, which may be identified by the use of forward-looking words or phrases, include statements relating to our business strategies and plans; expectations relating to products, gaming and entertainment; anticipated impact of tariffs, including reciprocal and retaliatory tariffs; anticipated cost savings; and financial targets and guidance. Our actual actions or results may differ materially from those expected or anticipated in the forward-looking statements due to both known and unknown risks and uncertainties. Factors that might cause such a difference include, but are not limited to: our ability to successfully implement and execute on our business strategy; our ability to successfully compete in the play industry and further develop our digital gaming, licensing business and partnerships; risks associated with the imposition, threat or uncertainty of tariffs, including reciprocal or retaliatory tariffs, in markets in which we operate which could increase our product costs and other costs of doing business, result in higher prices of our products, impact consumer spending, lower our revenues and earnings and otherwise have an adverse impact on our business; our ability to transform our business and capabilities to address the changing global consumer landscape, including evolving demographics for our products and advancements in technology such as the use of artificial intelligence in the products and markets in which we operate; risks associated with international operations, such as: the imposition or threat of tariffs; conflict in territories in which we operate; currency conversion; currency fluctuations; quotas; shipping delays or difficulties; border adjustment taxes or other protectionist measures; and other challenges in the territories in which we operate; risks related to political, economic and public health conditions or regulatory changes in the markets in which we and our customers, partners, licensees, suppliers and manufacturers operate, such as inflation, fluctuating interest rates, tariffs, higher commodity prices, labor strikes, labor costs or transportation costs, or outbreaks of illness or disease, the occurrence of which could create work slowdowns, delays or shortages in production or shipment of products, increases in costs, reduced purchasing power or less discretionary income, or losses and delays in revenue and earnings; uncertain and unpredictable global and regional economic conditions impacting one or more of the markets in which we sell products, which can negatively impact our customers and consumers, result in lower employment levels, consumer disposable income, retailer inventories and spending, including lower spending on purchases of our products; our ability to design, develop, manufacture, and ship products on a timely, cost-effective and profitable basis; the concentration of our customers, potentially increasing the negative impact to our business of difficulties experienced by any of our customers or changes in their purchasing or selling patterns; our dependence on third party relationships, including with third party partners, manufacturers, distributors, studios, content producers, licensors, licensees, and outsourcers, which creates reliance on others and loss of control; risks relating to the concentration of manufacturing for many of our products in the People's Republic of China, which include the risks associated with increased tariffs imposed by China and the U.S., and our ability to successfully diversify sourcing of our products to reduce reliance on sources of supply in China; the success of our key partner brands, including the ability to secure, maintain and extend agreements with our key partners or the risk of delays, increased costs or difficulties associated with any of our or our partners' planned digital applications or media initiatives; our ability to attract and retain talented and diverse employees, particularly following recent workforce reductions; our ability to realize the benefits of cost-savings and efficiency and/or revenue and operating profit enhancing initiatives; risks relating to the impairment and/or write-offs of businesses, products and content we acquire and/or produce; the risk that acquisitions, dispositions and other investments we complete may not provide us with the benefits we expect, or the realization of such benefits may be significantly delayed; our ability to protect our assets and intellectual property, including as a result of infringement, theft, misappropriation, cyber-attacks or other acts compromising the integrity of our assets or intellectual property; fluctuations in our business due to seasonality; the risk of product recalls or product liability suits and costs associated with product safety regulations; changes in accounting treatment, tax laws or regulations, or the interpretation and application of such laws and regulations, which may cause us to alter reserves or make other changes which significantly impact our reported financial results; the impact of litigation or arbitration decisions or settlement actions; the bankruptcy or other lack of success of one or more of our significant retailers, licensees and other partners; and other risks and uncertainties as may be detailed in our public announcements and U.S. Securities and Exchange Commission ('SEC') filings. The statements contained herein are based on our current beliefs and expectations. We undertake no obligation to make any revisions to the forward-looking statements contained in this press release or to update them to reflect events or circumstances occurring after the date of this press release. Non-GAAP Financial Measures The financial tables accompanying this press release include non-GAAP financial measures as defined under SEC rules, specifically Adjusted operating profit, Adjusted operating margin, Adjusted net earnings and Adjusted net earnings per diluted share, which exclude, where applicable, acquired intangible amortization, strategic transformation initiatives, restructuring and severance costs, loss on disposal of business, eOne Film and TV business divestiture related costs. Also included in this press release are the non-GAAP financial measures of EBITDA and Adjusted EBITDA. EBITDA represents net earnings attributable to Hasbro, Inc. excluding interest expense, income tax expense, net earnings attributable to noncontrolling interests, depreciation and amortization of intangibles. Adjusted EBITDA also excludes strategic transformation initiatives, restructuring and severance costs, loss on disposal of business, eOne Film and TV business divestiture related costs, and the impact of stock compensation. As required by SEC rules, we have provided reconciliations on the attached schedules of these measures to the most directly comparable GAAP measure. Management believes that Adjusted net earnings, Adjusted net earnings per diluted share, Adjusted operating profit and Adjusted operating margin provide investors with an understanding of the underlying performance of our business absent unusual events. Management believes that EBITDA and Adjusted EBITDA are appropriate measures for evaluating the operating performance of our business because they reflect the resources available for strategic opportunities including, among others, to invest in the business, strengthen the balance sheet and make strategic acquisitions. The Company is not able to reconcile its forward-looking non-GAAP adjusted operating margin and adjusted EBITDA measures because the Company cannot predict with certainty the timing and amounts of discrete items such as charges associated with its cost-savings program, which could impact GAAP results. Constant currency is also a non-GAAP financial measure. The impact of changes in foreign currency exchange rates used to translate the consolidated statements of operations is quantified by translating the current or future period revenues at the prior period exchange rates and comparing this amount to the prior period reported revenues. The Company believes that the presentation of the impact of changes in exchange rates, which are beyond the Company's control, is helpful to an investor's understanding of the performance of the underlying business. These non-GAAP measures should be considered in addition to, not as a substitute for, or superior to, net earnings or other measures of financial performance prepared in accordance with GAAP as more fully discussed in our consolidated financial statements and filings with the SEC. As used herein, "GAAP" refers to accounting principles generally accepted in the United States of America. HAS-E (1) Amounts may not sum due to rounding Expand HASBRO, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (1) (Unaudited) (Millions of Dollars and Shares Except Per Share Data) Three Months Ended March 30, 2025 March 31, 2024 Amount % of Net Revenues Amount % of Net Revenues Net revenues $ 887.1 100.0 % $ 757.3 100.0 % Costs and expenses: Cost of sales 204.5 23.1 % 204.2 27.0 % Program cost amortization 7.4 0.8 % 8.1 1.1 % Royalties 57.0 6.4 % 50.9 6.7 % Product development 80.5 9.1 % 65.5 8.6 % Advertising 55.4 6.2 % 51.5 6.8 % Amortization of intangible assets 17.0 1.9 % 17.0 2.2 % Loss on disposal of business 25.0 2.8 % 9.1 1.2 % Selling, distribution and administration 269.6 30.4 % 234.8 31.0 % Total costs and expenses 716.4 80.8 % 641.1 84.7 % Operating profit 170.7 19.2 % 116.2 15.3 % Non-operating expense (income): — % Interest expense 41.6 4.7 % 38.5 5.1 % Interest income (8.9 ) (1.0 )% (8.3 ) (1.1 )% Other expense, net 1.4 0.2 % 5.0 0.7 % Total non-operating expense, net 34.1 3.8 % 35.2 4.6 % Earnings before income taxes 136.6 15.4 % 81.0 10.7 % Income tax expense 37.1 4.2 % 21.9 2.9 % Net earnings 99.5 11.2 % 59.1 7.8 % Net earnings attributable to noncontrolling interests 0.9 0.1 % 0.9 0.1 % Net earnings attributable to Hasbro, Inc. $ 98.6 11.1 % $ 58.2 7.7 % Net earnings per common share: Diluted $ 0.70 $ 0.42 Cash Dividends Declared $ 0.70 $ 0.70 Weighted Average Number of Shares Basic 139.8 139.1 Diluted 141.0 139.3 Expand (1) Amounts may not sum due to rounding Expand HASBRO, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (1) (Unaudited) (Millions of Dollars) Three months ended March 30, 2025 March 31, 2024 Cash Flows from Operating Activities: Net Earnings $ 99.5 $ 59.1 Loss on Disposal of Business 25.0 9.1 Other Non-Cash Adjustments 77.9 67.8 Changes in Operating Assets and Liabilities (64.3 ) 41.8 Net Cash Provided by Operating Activities 138.1 177.8 Cash Flows from Investing Activities: Additions to Property, Plant and Equipment (13.8 ) (22.1 ) Additions to Software Development (29.4 ) (23.7 ) Purchase of investments (10.0 ) — Other 0.8 (2.3 ) Net Cash Utilized by Investing Activities (52.4 ) (48.1 ) Cash Flows from Financing Activities: Repayments of Long-Term Debt (49.2 ) — Dividends Paid (97.9 ) (97.2 ) Payments Related to Tax Withholding for Share-Based Compensation (17.7 ) (10.2 ) Stock-Based Compensation Transactions 3.8 0.2 Other (1.4 ) (1.7 ) Net Cash Utilized by Financing Activities (162.4 ) (108.9 ) Effect of Exchange Rate Changes on Cash 2.8 4.0 Net Increase (Decrease) in Cash and Cash Equivalents (73.9 ) 24.8 Cash and Cash Equivalents at Beginning of Year 695.0 545.4 Cash and Cash Equivalents at End of Period $ 621.1 $ 570.2 Expand (1) Amounts may not sum due to rounding Expand HASBRO, INC. SEGMENT RESULTS - AS REPORTED AND AS ADJUSTED (1) (Unaudited) (Millions of Dollars) Three Months Ended March 30, 2025 Three Months Ended March 31, 2024 Total Company Results External Net Revenues $ 887.1 $ — $ 887.1 $ 757.3 $ — $ 757.3 17 % Operating Profit 170.7 51.7 222.4 116.2 32.4 148.6 50 % Operating Margin 19.2 % 5.8 % 25.1 % 15.3 % 4.3 % 19.6 % Segment Results Wizards of the Coast and Digital Gaming: External Net Revenues $ 462.1 $ — $ 462.1 $ 316.3 $ — $ 316.3 46 % Operating Profit 230.0 — 230.0 122.8 — 122.8 87 % Operating Margin 49.8 % — 49.8 % 38.8 % — 38.8 % Consumer Products: External Net Revenues $ 398.3 $ — $ 398.3 $ 413.0 $ — $ 413.0 -4 % Operating Profit (43.9 ) 12.9 (31.0 ) (46.9 ) 9.1 (37.8 ) 18 % Operating Margin -11.0 % 3.2 % -7.8 % -11.4 % 2.2 % -9.2 % Entertainment: External Net Revenues $ 26.7 $ — $ 26.7 $ 28.0 $ — $ 28.0 -5 % Operating Profit (Loss) (11.2 ) 28.6 17.4 5.8 12.4 18.2 -4 % Operating Margin -41.9 % >100 % 65.2 % 20.7 % 44.3 % 65.0 % Expand (1) Amounts within this section may not sum due to rounding Expand Three Months Ended Wizards of the Coast and Digital Gaming Net Revenues by Category March 30, 2025 March 31, 2024 % Change Tabletop Gaming $ 343.8 $ 228.2 51 % Digital and Licensed Gaming 118.3 88.1 34 % Net revenues $ 462.1 $ 316.3 Expand Three Months Ended Consumer Products Segment Net Revenues by Major Geographic Region March 30, 2025 March 31, 2024 % Change North America $ 231.4 $ 239.1 -3 % Europe 85.0 87.5 -3 % Asia Pacific 53.8 48.8 10 % Latin America 28.1 37.6 -25 % Net revenues $ 398.3 $ 413.0 Expand Three Months Ended Entertainment Segment Net Revenues by Category March 30, 2025 March 31, 2024 % Change Film and TV $ 4.3 $ — >100 % Family Brands 22.4 28.0 -20 % Net revenues $ 26.7 $ 28.0 Expand Three Months Ended Supplementary Hasbro Gaming Information: March 30, 2025 March 31, 2024 % Change MAGIC: THE GATHERING $ 346.3 $ 237.9 46 % Hasbro Total Gaming (1) $ 550.1 $ 408.0 35 % Expand (1) Hasbro Total Gaming includes all gaming revenue, most notably DUNGEONS & DRAGONS, MAGIC: THE GATHERING and Hasbro Gaming. Expand HASBRO, INC. NON-GAAP RECONCILIATION (Unaudited) (Millions of Dollars) Three Months Ended Reconciliation of EBITDA and Adjusted EBITDA (1) March 30, 2025 March 31, 2024 Net Earnings Attributable to Hasbro, Inc. $ 98.6 $ 58.2 Interest expense 41.6 38.5 Income tax expense 37.1 21.9 Net earnings attributable to noncontrolling interests 0.9 0.9 Depreciation expense 17.2 21.3 Amortization of intangibles 17.0 17.0 EBITDA $ 212.4 $ 157.8 Stock compensation 18.4 (5.0 ) Strategic transformation initiatives (2) 7.2 5.2 Restructuring and severance costs (3) 5.9 5.7 Loss on disposal of business (4) 25.0 9.1 eOne Film and TV business divestiture related costs (5) 5.4 — Adjusted EBITDA $ 274.3 $ 172.8 Expand (1) Amounts may not sum due to rounding (2) Strategic transformation initiatives costs represent non-recurring expenses for strategic projects with anticipated long-term benefits to support the organization in identifying, realizing and capturing savings to create efficiencies and improve business processes and operations. (3) Restructuring and severance associated with cost-savings initiatives across the Company. (4) Loss on disposal of a business related to the sale of the eOne Film and TV business executed on December 27, 2023. The costs are included in Loss on Disposal of Business within the Entertainment segment. (5) eOne Film and TV business divestiture related costs as a result of the sale of the eOne Film and TV business and certain retained liabilities. Expand HASBRO, INC. NON-GAAP RECONCILIATION (Unaudited) (Millions of Dollars) Three Months Ended Operating Profit (Loss) $ 170.7 $ 116.2 Wizards of the Coast and Digital Gaming 230.0 122.8 Consumer Products (43.9 ) (46.9 ) Entertainment (11.2 ) 5.8 Corporate and Other (4.2 ) 34.5 Non-GAAP Adjustments $ 51.7 $ 32.4 Consumer Products 12.9 9.1 Entertainment 28.6 12.4 Corporate and Other 10.2 10.9 Adjusted Operating Profit (Loss) $ 222.4 $ 148.6 Wizards of the Coast and Digital Gaming 230.0 122.8 Consumer Products (31.0 ) (37.8 ) Entertainment 17.4 18.2 Corporate and Other 6.0 45.4 Non-GAAP Adjustments include the following: Acquired intangible amortization (2) 12.4 12.4 Strategic transformation initiatives (3) 7.2 5.2 Restructuring and severance costs (4) 5.9 5.7 Loss on disposal of business (5) 25.0 9.1 eOne Film and TV business divestiture related costs (6) 1.2 — Total $ 51.7 $ 32.4 Expand (1) Amounts may not sum due to rounding (2) Represents intangible amortization costs related to the intangible assets acquired in the eOne acquisition. The Company has allocated certain of these intangible amortization costs between the Consumer Products and Entertainment segments, to match the revenue generated from such intangible assets. While amortization of acquired intangibles is being excluded from the related GAAP financial measure, the revenue of the acquired company is reflected within the Company's operating results to which these assets contribute. (3) Strategic transformation initiatives costs represent non-recurring expenses for strategic projects with anticipated long-term benefits to support the organization in identifying, realizing and capturing savings to create efficiencies and improve business processes and operations. (4) Restructuring and severance costs associated with cost-savings initiatives across the Company. (5) Loss on disposal of a business related to the sale of the eOne Film and TV business executed on December 27, 2023. The costs are included in Loss on Disposal of Business within the Entertainment segment. (6) eOne Film and TV business divestiture related costs as a result of the sale of the eOne Film and TV business and certain retained liabilities. Expand (1) Amounts may not sum due to rounding (2) Represents intangible amortization costs related to the intangible assets acquired in the eOne acquisition. The Company has allocated certain of these intangible amortization costs between the Consumer Products and Entertainment segments, to match the revenue generated from such intangible assets. While amortization of acquired intangibles is being excluded from the related GAAP financial measure, the revenue of the acquired company is reflected within the Company's operating results to which these assets contribute. (3) Strategic transformation initiatives costs represent non-recurring expenses for strategic projects with anticipated long-term benefits to support the organization in identifying, realizing and capturing savings to create efficiencies and improve business processes and operations. These costs primarily consist of third party consulting of $7.2 ($5.5 after-tax) for the three months ended March 30, 2025 and $5.2 ($3.9 after-tax) for the three months ended March 31, 2024, respectively. (4) Restructuring and severance costs $5.9 ($4.5 after-tax) for the three ended March 30, 2025, and $5.7 ($4.4 after-tax) for the three months ended March 31, 2024, respectively, associated with cost-savings initiatives across the Company. (5) Loss on disposal of a business of $25.0 ($25.0 after-tax) for the three months ended March 30, 2025 and $9.1 ($9.1 after-tax) for the three months ended March 31, 2024, respectively related to the sale of the eOne Film and TV business executed on December 27, 2023. The costs are included in Loss on Disposal of Business within the Entertainment segment. (6) eOne Film and TV business divestiture related costs of $5.4 ($4.1 after-tax) for three months ended March 30, 2025, as a result of the sale of the eOne Film and TV business and certain retained liabilities. Expand
