Hasbro Posts 16 Percent Q2 Gaming Jump

Hasbro (NASDAQ:HAS), the company behind well-known toys and games like MAGIC: THE GATHERING card games and MONOPOLY board games, released its second quarter 2025 earnings on July 23, 2025. The standout news was strong outperformance in non-GAAP earnings per share and GAAP revenue, driven by record sales in Wizards & Digital Gaming, particularly MAGIC: THE GATHERING, while traditional toys and Consumer Products faced a 16% decline in revenue. Adjusted non-GAAP earnings per share reached $1.30, beating the $0.78 analyst consensus (Non-GAAP) by 66.7%. GAAP revenue was $980.8 million, exceeding analyst estimates by $100.4 million and down 1% from the prior year due to growth in gaming. The quarter demonstrated Hasbro's continued focus on digital transformation and operational discipline, but also included a substantial $1.0 billion non-cash goodwill impairment in the Consumer Products segment, reflecting ongoing structural challenges in traditional toys. Source: Analyst estimates for the quarter provided by FactSet. Hasbro produces toys, games, and entertainment products that span iconic brands such as MAGIC: THE GATHERING collectible card games, DUNGEONS & DRAGONS roleplaying games, and MONOPOLY board games. Its business is structured around three main reporting segments: Wizards & Digital Gaming, Consumer Products, and Entertainment.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool