Key insights
7 takeaways · ~3 min read- 01Hasbro reported a significant operating loss of $798.2 million for Q1 2025, a sharp decline from an operating profit of $212.1 million in Q1 2024, primarily due to a $1,021.9 million non-cash goodwill impairment in the Consumer Products segment.
- 02Total net revenues decreased to $980.8 million for Q1 2025 from $995.3 million in Q1 2024, driven by volume declines in the Consumer Products segment, despite growth in Wizards of the Coast and Digital Gaming.
- 03The Wizards of the Coast and Digital Gaming segment saw increased demand for tabletop gaming, particularly MAGIC: THE GATHERING (due to Final Fantasy collaboration), and licensed digital gaming, contributing to revenue growth.
- 04The Consumer Products segment's net revenues decreased by 16% to $442.4 million in Q1 2025 compared to $524.5 million in Q1 2024, with declines in North America (-23%) and Latin America (-26%), and specific brands like NERF, PLAY-DOH, STAR WARS, and MARVEL.
- 05Hasbro completed the sale of its Entertainment One film and television business to Lionsgate on December 27, 2023, for $375.0 million in cash, and recorded a $25.0 million expense in Q1 2025 related to the final settlement of a holdback amount.
- 06Hasbro repurchased $61.9 million of its 2026 and 2027 Notes during the six months ended June 29, 2025, resulting in a gain on extinguishment of $1.4 million.
- 07The company's long-term debt decreased from $3,984.9 million (carrying cost) as of June 30, 2024, to $3,339.8 million as of June 29, 2025.
Summary
SEC 10-Q filing for Hasbro, filed 2025-07-31.
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