Wizards of the Coast
CompanyUnited States
Documents about Wizards of the Coast
Hasbro Form 10-Q: Q1 2026
Hasbro’s first-quarter 2026 filing presents a robust financial picture, with net revenues reaching $1.000 billion—an increase of 12% over the comparable period in 2025—and operating profit rising to $270.3 million, a 58% jump that translates into an operating margin of 27%.
- Hasbro reported Q1 2026 net revenues of $1.000 billion, a 12% year-over-year increase, with operating profit surging 58% to $270.3 million.
- Growth was primarily driven by the Wizards of the Coast & Digital Gaming segment, which recorded a 25.9% revenue increase, while Consumer Products and Entertainment segments remained flat or declined.
- Net earnings reached $198.4 million with a basic EPS of $1.41, doubling the prior-year figure of $0.705.
Hasbro Form 10-K: FY2025
Hasbro’s FY 2025 Form 10-K demonstrates a 4% rise in net sales to $7.1 billion, driven by Wizards of the Coast and Digital Gaming, with operating income reaching $1.3 billion (18% EBIT margin) and net income of $1.0 billion (EPS $3.20).
- Hasbro reported FY2025 net sales of $7.1 billion, a 4% increase driven primarily by the Wizards of the Coast and Digital Gaming segments.
- The company achieved $1.3 billion in operating income and $1.0 billion in net income, though profitability was significantly impacted by a $1.02 billion goodwill impairment charge in the Consumer Products segment.
- Hasbro is executing a 'Playing to Win' strategy that prioritizes digital expansion, direct-to-consumer channels, and licensing deals for location-based entertainment with partners like Universal Studios.
Hasbro Q3 2025 Earnings
Hasbro’s financial performance for the third quarter of 2025 demonstrates a strategic pivot toward high-growth digital and tabletop gaming, which successfully offset persistent weaknesses in the traditional toy and consumer products sector.
- Hasbro reported Q3 2025 net revenue of $1.39 billion, an 8% increase driven by a 42% surge in the Wizards of the Coast and Digital Gaming segment.
- The company recorded a $1.02 billion non-cash goodwill impairment charge in its Consumer Products division, leading to a net loss for the first nine months of 2025.
- Hasbro raised its full-year 2025 adjusted EBITDA guidance to a range of $1.24 billion to $1.26 billion, citing the stability of its digital gaming portfolio.
Hasbro Form 10-K: Fiscal Year 2024
Hasbro’s 2024 fiscal year represents a pivotal transition period defined by a strategic pivot toward digital expansion and operational efficiency.
- Hasbro reported a 17.3% decline in total net revenue to $4.14 billion in fiscal year 2024, primarily driven by the divestiture of its eOne Film and TV business.
- The company achieved a return to operating profitability of $690 million, marking a significant recovery from the previous year's losses.
- Hasbro’s 'Playing to Win' strategy focuses on digital expansion and the growth of its Wizards of the Coast and Digital Gaming segment.
Form 10-Q: Hasbro Q3 2024
Hasbro’s third-quarter 2024 filing reports a significant operational turnaround after a challenging prior year.
- Hasbro achieved a significant operational turnaround in Q3 2024, reporting a net profit of $223.2 million (EPS $1.59) compared to a $171.1 million loss in the same period last year.
- Operating profit surged to $301.9 million in Q3 2024 from a $169.5 million loss in Q3 2023, driven by cost-saving initiatives and an improved operating margin of 23.6%.
- Net revenues for Q3 2024 declined 15% to $1.28 billion, impacted by a 10% drop in Consumer Products and the divestiture of the eOne Film & TV business.
Hasbro Form 10-Q: Q1 2024
Hasbro’s financial performance for the first quarter of 2024 demonstrates a deliberate strategic pivot toward profitability through structural transformation and divestiture.
- Hasbro achieved a net profit of $58.2 million in Q1 2024, a significant turnaround from the $22.1 million net loss reported in Q1 2023.
- Total net revenue declined 24% to $757.3 million, driven primarily by the divestiture of the eOne Film and TV business and a 21% drop in Consumer Products revenue.
- The Operational Excellence Program successfully reduced total expenses from $983.1 million to $641.1 million, directly contributing to an operating profit of $116.2 million.
Hasbro Form 10-Q: Q3 2023
Hasbro’s financial performance for the third quarter of 2023 reflects a period of significant structural transformation and macroeconomic volatility.
- Hasbro reported a Q3 2023 net loss of $171.1 million on $1.5 billion in revenue, a 10% decline driven largely by a $473 million pre-tax loss from the eOne divestiture.
- The Wizards of the Coast and Digital Gaming segment grew 40% in Q3, significantly bolstered by the performance of Baldur’s Gate 3 and MONOPOLY GO!.
- The Consumer Products segment experienced a 17% revenue decline as the company focused on inventory reduction efforts.
Hasbro Form 10-Q: Q1 2023
Hasbro’s financial performance for the first quarter of 2023 reflects a period of significant transition and contraction, characterized by a 14% decline in net revenue to $1.0 billion compared to $1.16 billion in the same period of 2022.
- Hasbro reported a 14% year-over-year decline in Q1 2023 net revenue to $1.0 billion, resulting in a net loss of $22.1 million compared to a $61.2 million profit in Q1 2022.
- The Wizards of the Coast and Digital Gaming segment served as the primary growth engine, achieving a 12% revenue increase to $295.2 million driven by Magic: The Gathering tabletop sales and D&D Beyond.
- Operating profit plummeted from $120.0 million in Q1 2022 to $17.9 million in Q1 2023, impacted by restructuring costs, increased advertising spend, and deliberate inventory reductions.
Hasbro Form 10-K: Fiscal Year 2022
Hasbro’s 2022 fiscal year was defined by the implementation of "Blueprint 2.0," a comprehensive strategic transformation aimed at streamlining operations, divesting non-core entertainment assets, and focusing resources on high-potential franchises.
- Hasbro launched 'Blueprint 2.0' in 2022, a strategic pivot focused on digital-first operations and brand scaling that includes a 15% global workforce reduction and a target of $250–$300 million in annual cost savings by 2025.
- Consolidated net revenues fell 9% to $5.86 billion in 2022, while operating profit dropped significantly to $407.7 million from $763.3 million in 2021.
- The Wizards of the Coast and Digital Gaming segment was the company's primary growth driver, achieving a 3% increase in revenue as Magic: The Gathering reached billion-dollar brand status.
Hasbro Form 10-Q: Q3 2022
Hasbro’s third-quarter 2022 financial results reflect a period of significant operational transition and macroeconomic pressure.
- Hasbro reported a 15% year-over-year decline in net revenue to $1.68 billion for Q3 2022, alongside a contraction in operating profit to $194.3 million.
- The company launched 'Blueprint 2.0,' a strategic initiative targeting $250–$300 million in annual cost savings by 2025 through a focus on high-margin franchises and divestment from non-core segments.
- Inventory levels surged 55% year-over-year, forcing increased promotional activity and higher obsolescence charges as supply chain disruptions eased.
Hasbro Form 10-Q: Q2 2022
Hasbro’s financial performance for the second quarter of 2022 reflects a period of strategic transition and operational resilience amidst a challenging macroeconomic environment.
- Hasbro reported Q2 2022 consolidated net revenues of $1.34 billion, a 1% increase year-over-year, despite macroeconomic headwinds including inflation and supply chain disruptions.
- Operating profit rose to $219.1 million from $76.6 million in Q2 2021, primarily due to the absence of a prior-year non-cash impairment charge related to the eOne Music divestiture.
- The Wizards of the Coast and Digital Gaming segment served as the primary profit driver, strengthened by the performance of Magic: The Gathering and the $146.3 million acquisition of D&D Beyond.
Hasbro Form 10-Q: Q3 2022
Hasbro’s financial performance for the first quarter of 2022 reflects a period of top-line growth tempered by significant operational headwinds.
- Hasbro's Q1 2022 net revenues grew 4% year-over-year to $1.16 billion, though operating profit declined from $147.3 million in 2021 to $120.0 million in 2022.
- The Wizards of the Coast and Digital Gaming segment saw a 9% revenue increase to $262.8 million, driven primarily by strong sales of Magic: The Gathering's 'Kamigawa: Neon Dynasty' set.
- Operating profit margins for the Wizards of the Coast and Digital Gaming segment contracted from 45.4% in Q1 2021 to 40.5% in Q1 2022, despite the segment's overall revenue growth.
