{"id":86552,"date":"2025-07-23T18:06:19","date_gmt":"2025-07-23T18:06:19","guid":{"rendered":"https:\/\/www.europesays.com\/us\/86552\/"},"modified":"2025-07-23T18:06:19","modified_gmt":"2025-07-23T18:06:19","slug":"hasbro-has-earnings-q2-2025","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/86552\/","title":{"rendered":"Hasbro (HAS) earnings Q2 2025"},"content":{"rendered":"<p>A Magic: The Gathering card is displayed on a mobile phone during a weekly tournament at the Uncommons hobby shop in New York, U.S., on Thursday, June 27, 2019. <\/p>\n<p>Mark Abramson | Bloomberg | Getty Images<\/p>\n<p>Toy and gaming giant <a href=\"https:\/\/www.cnbc.com\/quotes\/HAS\/\" rel=\"nofollow noopener\" target=\"_blank\">Hasbro<\/a> topped Wall Street expectations for the <a href=\"https:\/\/investor.hasbro.com\/node\/37416\/pdf\" target=\"_blank\" rel=\"nofollow noopener\">second quarter<\/a> as strength in its digital gaming division helped offset continued weaknesses in its traditional toy business, weighed down by the impact of tariffs.<\/p>\n<p>&#8220;While tariffs represent a headwind for the business,&#8221; Hasbro&#8217;s CEO, Chris Cocks, said on the company&#8217;s earnings call. &#8220;We are compensating for these costs through a combination of cost reductions, rebalancing our marketing spend, diversifying our supplier mix and implementing some targeted pricing actions.&#8221;<\/p>\n<p>Shares of the company fell roughly 4% in Wednesday morning trading.<\/p>\n<p>Here&#8217;s how Hasbro performed in the quarter <a href=\"https:\/\/investor.hasbro.com\/news-releases\/news-release-details\/hasbro-reports-second-quarter-2025-financial-results\" target=\"_blank\" rel=\"nofollow noopener\">ended June 29<\/a> compared to what Wall Street was expecting.<\/p>\n<ul>\n<li><strong>Earnings per share:<\/strong> $1.30 adjusted vs. 78 cents expected<\/li>\n<li><strong>Revenue:<\/strong> $980.8 million vs. $880 million expected<\/li>\n<\/ul>\n<p>The toy company reported a net loss of $855.8 million, or $6.10 per share, for the period, compared with net income of $138.5 million, or 99 cents per share, in the <a href=\"https:\/\/investor.hasbro.com\/news-releases\/news-release-details\/hasbro-reports-second-quarter-2024-financial-results\" target=\"_blank\" rel=\"nofollow noopener\">same quarter a year ago.<\/a><\/p>\n<p>Hasbro attributed the loss to a $1 billion goodwill impairment related to its consumer products segment and the impact of tariffs.<\/p>\n<p>Overall revenue declined 1% from the same quarter last year, but the company&#8217;s gaming division continued to outperform. Wizards of the Coast and digital gaming brought in $522.4 million in sales, up 16% year over year. Hasbro cited strong demand for Magic: The Gathering and Monopoly Go!<\/p>\n<p>&#8220;This isn&#8217;t just a one-off moment. It&#8217;s a clear indication of the power of Magic&#8217;s community,&#8221; Cocks said. &#8220;Magic is stronger than ever, and we&#8217;re just getting started.&#8221;<\/p>\n<p>Meanwhile, the company&#8217;s consumer products segment saw revenue fall 16% to $442.4 million, pressured by &#8220;anticipated softness in Toys driven by retailer order timing and geographic volatility,&#8221; Hasbro said in the release.<\/p>\n<p>Revenue in the entertainment segment dropped 15% to $16 million.<\/p>\n<p>Hasbro raised its full-year guidance and now expects mid-single-digit revenue growth, adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, of between $1.17 billion and $1.2 billion, and adjusted operating margins of 22% to 23%. <\/p>\n<p>Don\u2019t miss these insights from CNBC PRO<\/p>\n","protected":false},"excerpt":{"rendered":"A Magic: The Gathering card is displayed on a mobile phone during a weekly tournament at the Uncommons&hellip;\n","protected":false},"author":3,"featured_media":86553,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,81,13656,171,58366,51289,67,132,68],"class_list":{"0":"post-86552","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-business-news","10":"tag-earnings","11":"tag-entertainment","12":"tag-gaming-software","13":"tag-hasbro-inc","14":"tag-united-states","15":"tag-unitedstates","16":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114903881012690183","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/86552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=86552"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/86552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/86553"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=86552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=86552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=86552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}