Hasbro Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 13% revenue growth, led by Wizards of the Coast and record Magic: The Gathering sales. Guidance for full-year revenue and margin was maintained despite a cyber incident, with strong cash flow and continued investment in growth and shareholder returns.
Fiscal Year 2025
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Delivered double-digit revenue growth and record profits in 2025, driven by Magic, digital, and key partnerships. 2026 guidance calls for 3%-5% revenue growth, strong margins, and continued investment in digital and entertainment IP.
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Q3 2025 saw 8% revenue growth and strong profit margins, led by Magic: The Gathering and digital initiatives. Full-year guidance was raised, with high single-digit revenue growth and robust margins expected, despite tariff and royalty headwinds.
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Q2 results exceeded expectations, led by Magic: The Gathering's record growth and strong digital/licensing performance. Full-year guidance was raised for revenue, margin, and EBITDA, despite ongoing tariff and retailer inventory headwinds. Magic's player base and engagement are at all-time highs.
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The meeting confirmed the election of all board nominees, approval of executive compensation, and auditor ratification. Strong 2024 results and a new "Playing to Win" strategy were highlighted, with a focus on profitable growth and resilience. No shareholder questions were raised.
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A multi-year transformation is underway, focusing on core brands, operational simplification, and digital growth. Magic and digital gaming drive expansion, while tariff impacts are mitigated through selective pricing and supply chain shifts. Debt reduction and investment remain top priorities.
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Q1 saw 17% revenue growth and 50% higher adjusted operating profit, led by strong Magic and digital licensing. Full-year guidance is unchanged despite tariff risks, with accelerated cost savings and supply chain diversification underway.
Fiscal Year 2024
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2024 saw record operating margins, strong growth in digital games and licensing, and improved profitability despite revenue declines in some segments. 2025 guidance calls for slight revenue growth, margin expansion, and continued cost savings, with Magic and new video games as key drivers.
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The company is executing a dual transformation and turnaround, streamlining its toy business, accelerating innovation, and expanding digital and licensing revenues. Margin improvement and supply chain initiatives are underway, with strong partnerships and a robust content pipeline expected to drive growth in 2025 and beyond.
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Q3 results showed strong margin expansion and profitability from games and licensing, offsetting softer consumer products revenue. Guidance was updated to reflect lower consumer products revenue but improved margins, with Magic and Monopoly GO! continuing to drive performance.
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The event highlighted a strategic focus on digital gaming, partnerships, and operational efficiency, with strong growth in Magic: The Gathering and digital titles like Monopoly Go! and Baldur's Gate 3. Consumer products are rebounding, and margin expansion is expected through cost discipline and innovation.
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Q2 2024 saw strong performance in gaming and digital licensing, with MONOPOLY GO! and Magic: The Gathering driving margin expansion and prompting a raised full-year outlook. Consumer products performed as expected, and cost savings and operational improvements supported profitability.