Latest news with #digitalgaming
Yahoo
2 days ago
- Business
- Yahoo
Hasbro lifts annual revenue forecast on strong demand for "Magic: The Gathering" games
(Reuters) -Hasbro raised its annual revenue forecast on Wednesday, as the toymaker leans on strength of "Magic: The Gathering" games and cost-cutting efforts to weather the impact from mounting economic and tariff uncertainty. The Play-Doh maker saw strong demand for its "Wizards of the Coast" and digital gaming segments for a second straight quarter, as its pivot to digital gaming helped add younger customers even as it struggles to revive interest in toy business. For the second quarter, the company's revenue in "Wizards of the Coast" and digital gaming segment rose 28% due to momentum in "Magic: The Gathering", whose revenue surged 32% driven by growth in tabletop. Hasbro's turnaround efforts, including cutting 3% of its global workforce as well as diversifying its manufacturing and logistics footprint, have helped it reduce its reliance on China, from where it imports nearly half of its goods. It also has manufacturing hubs in Vietnam, India and Japan. The company expects annual revenue to be up mid-single digits in constant currency terms, compared with prior predictions to be up slightly. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Hasbro lifts annual revenue forecast on strong demand for "Magic: The Gathering" games
(Corrects paragraph 3 to say segment revenue rose 16%, not 28%, and revenue for "Magic: The Gathering" surged 23%, not 32%) (Reuters) -Hasbro raised its annual revenue forecast on Wednesday, as the toymaker leans on strength of "Magic: The Gathering" games and cost-cutting efforts to weather the impact from mounting economic and tariff uncertainty. The Play-Doh maker saw strong demand for its "Wizards of the Coast" and digital gaming segments for a second straight quarter, as its pivot to digital gaming helped add younger customers even as it struggles to revive interest in toy business. For the second quarter, the company's revenue in "Wizards of the Coast" and digital gaming segment rose 16% due to momentum in "Magic: The Gathering", whose revenue surged 23% driven by growth in tabletop. Hasbro's turnaround efforts, including cutting 3% of its global workforce as well as diversifying its manufacturing and logistics footprint, have helped it reduce its reliance on China, from where it imports nearly half of its goods. It also has manufacturing hubs in Vietnam, India and Japan. The company expects annual revenue to be up mid-single digits in constant currency terms, compared with prior predictions to be up slightly.
CTV News
24-06-2025
- Business
- CTV News
New CEO will help Spin Master ‘refocus' on entertainment and digital: analyst
Sorry, we're having trouble with this video. Please try again later. [5006/404] The naming of a new chief executive by Toronto-based toymaker Spin Master on Monday was a move that will help the company leverage its digital and entertainment assets more effectively, according to an analyst from Jefferies. 'I really like this move because one of the biggest (pieces) of feedback that we get on this stock is just really that the valuation has compressed quite a bit since its initial public offering (IPO) in 2015,' Kylie Cohu told BNN Bloomberg in a Tuesday interview. 'When it IPOd it was actually trading at a premium to, say, a Mattel or Hasbro because they had these other creative centres… since then, however, the narrative has really shifted, and it's really become hyper-focused on that toys or consumer products vertical.' Spin Master's two other main business segments aside from toys are entertainment, centred around the popular children's TV show Paw Patrol, and digital gaming. The company's newly appointed CEO Christina Miller is likely to bring those to the forefront again, Cohu said. 'I think Miller will be able to kind of refocus investors' attention and also the company's attention on creating value in those spaces,' she said. Miller, already a Spin Master board member, will officially assume the company's top job on July 7, replacing current CEO Max Rangel. Miller previously served as president of WarnerMedia's kids, young adults and classic division. Her background in entertainment is a shift in expertise away from Rangel's, who has spent his career mainly in the consumer packaged-goods space, Cohu noted. 'Overall, (Rangel) has done a really good job of doing what he's very good at, and he came from the consumer-packaging world… (he) really was able to take the operations, take the logistics, and be able to kind of right-size that toy business,' she said. 'I think he did a good job of doing what he was brought in to do. What the company needs to do now is kind of expand its purview and really focus on those other verticals as well.' Spin Master's TSX-listed shares, which are down more than 30 per cent since the start of this year, were slightly higher in early afternoon trading on Tuesday, at $23.39.
CTV News
24-06-2025
- Business
- CTV News
New CEO will help Spin Master ‘refocus' on entertainment and digital: analyst
Sorry, we're having trouble with this video. Please try again later. [5006/404] The naming of a new chief executive by Toronto-based toymaker Spin Master on Monday was a move that will help the company leverage its digital and entertainment assets more effectively, according to an analyst from Jefferies. 'I really like this move because one of the biggest (pieces) of feedback that we get on this stock is just really that the valuation has compressed quite a bit since its initial public offering (IPO) in 2015,' Kylie Cohu told BNN Bloomberg in a Tuesday interview. 'When it IPOd it was actually trading at a premium to, say, a Mattel or Hasbro because they had these other creative centres… since then, however, the narrative has really shifted, and it's really become hyper-focused on that toys or consumer products vertical.' Spin Master's two other main business segments aside from toys are entertainment, centred around the popular children's TV show Paw Patrol, and digital gaming. The company's newly appointed CEO Christina Miller is likely to bring those to the forefront again, Cohu said. 'I think Miller will be able to kind of refocus investors' attention and also the company's attention on creating value in those spaces,' she said. Miller, already a Spin Master board member, will officially assume the company's top job on July 7, replacing current CEO Max Rangel. Miller previously served as president of WarnerMedia's kids, young adults and classic division. Her background in entertainment is a shift in expertise away from Rangel's, who has spent his career mainly in the consumer packaged-goods space, Cohu noted. 'Overall, (Rangel) has done a really good job of doing what he's very good at, and he came from the consumer-packaging world… (he) really was able to take the operations, take the logistics, and be able to kind of right-size that toy business,' she said. 'I think he did a good job of doing what he was brought in to do. What the company needs to do now is kind of expand its purview and really focus on those other verticals as well.' Spin Master's TSX-listed shares, which are down more than 30 per cent since the start of this year, were slightly higher in early afternoon trading on Tuesday, at $23.39.
Mail & Guardian
28-05-2025
- Business
- Mail & Guardian
Easybet rolls out booming games and Amatic in South Africa
South Africa's growing online gaming sector has just received a fresh boost. Easybet, one of the country's rising digital gaming platforms, has added titles from two established global providers — Booming Games and Amatic Industries — to its slots portfolio. This expansion adds diversity and depth to the platform's offering, catering to both fans of classic slots and players chasing modern, high-volatility gameplay. Global Expertise Meets Local Demand This strategic integration means South African players now have access to a broader mix of themes, game styles, and win structures — all hosted on a platform tailored to local preferences. What's New in the Easybet Game Lobby? Get ready to spin, match, and multiply your wins with an exciting lineup of fresh titles now available on – A 5-reel, 3-row video slot with 25 paylines featuring the popular Hold & Win mechanic and buffalo-themed gameplay. Featured Amatic Titles: All games are optimised for mobile and desktop play. Platform Features The new games integrate with Easybet's existing features, including: Mobile-responsive gameplay Local payment method support Secure gaming environment Customer support in local languages New Player Welcome Package To mark the arrival of our exciting new games, Easybet is making it even easier for South African players to jump in and play. Most especially when you're new to the platform, there's something waiting for you: Important Terms: All bonuses are subject to specific terms and conditions, including wagering requirements. Players must review full before participation. Ready to Play? The future of online gaming in South Africa starts here. With Easybet's impressive lineup featuring games from Booming Games, Amatic Industries, Pragmatic Play, Evolution Gaming, Aardvark, Betgames, EGT Digital, ELBET, Spinomenal, Spribe, Tomhorn, and Yggdrasil, you're just a click away from unlocking a world of premium entertainment from the industry's top developers. Additional Information Future updates will include tournaments and leaderboard competitions featuring the new game titles. Responsible Gaming Notice: Players must be 18 years or older to participate. Easybet promotes responsible gaming practices and provides tools for managing gameplay limits. About Easybet: Easybet operates as a licensed online sports betting and gaming platform serving South African customers, focusing on secure gameplay and customer satisfaction. For complete terms and conditions, licensing information, and responsible gaming resources, visit the Easybet website. All promotional offers subject to change and specific eligibility requirements.
