Key insights
7 takeaways · ~3 min read- 01The company's brand portfolio includes Franchise Brands (e.g., MAGIC: THE GATHERING, NERF, TRANSFORMERS, MONOPOLY), Partner Brands (e.g., MARVEL, STAR WARS, DISNEY FROZEN), Hasbro Gaming, Emerging Brands, and TV/Film/Entertainment.
- 02In 2021, MAGIC: THE GATHERING saw successful card set releases, and MY LITTLE PONY: A NEW GENERATION film and product line were launched.
- 03The company holds global toy and game licensed merchandise rights for major Disney entertainment properties Marvel and Star Wars for multi-year terms, but the Disney Frozen and Disney Princess licenses expire at the end of 2022.
- 04Net revenues increased in 2021 due to growth in Franchise Brands (NERF, TRANSFORMERS), Emerging Brands (PEPPA PIG, PJ MASKS), and Partner Brands (MARVEL, DISNEY PRINCESS), partially offset by lower revenues from Hasbro Gaming and certain Partner Brands like DISNEY FROZEN and TROLLS.
- 05Revenue growth in 2021 was observed across all geographic regions, with the most significant increases in the U.S. and Europe, followed by Latin American and Asia Pacific markets.
- 06As of December 26, 2021, the company had $1,019.2 million in cash and cash equivalents, with $35.8 million restricted under production financing facilities.
- 07The company recorded an impairment loss of $74.1 million in Q4 2021 on its equity investment in Discovery Family Channel due to accelerating changes in the cable distribution industry.
Summary
SEC 10-K filing for Hasbro, filed 2022-02-23.
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