Key insights
6 slides
Key number
Hasbro reported a $798.2 million operating loss in Q1 2025.
The company swung from an operating profit of $212.1 million in Q1 2024 to a loss in Q1 2025. The loss was primarily due to a $1,021.9 million non-cash goodwill impairment.
Revenue trend
Total net revenues decreased to $980.8 million in Q1 2025.
Total net revenues fell from $995.3 million in Q1 2024. The decrease was driven by volume declines in the Consumer Products segment, despite growth in Wizards of the Coast and Digital Gaming.
Segment detail
Consumer Products net revenues decreased by 16% in Q1 2025.
Consumer Products net revenues fell to $442.4 million from $524.5 million in Q1 2024. Declines occurred in North America and Latin America, with specific brands like NERF, PLAY-DOH, STAR WARS, and MARVEL.
Growth area
Wizards of the Coast and Digital Gaming saw increased demand.
The segment saw increased demand for tabletop gaming, particularly MAGIC: THE GATHERING due to a Final Fantasy collaboration. It also saw increased demand for licensed digital gaming, contributing to revenue growth.
Debt reduction
Long-term debt decreased to $3,339.8 million as of June 29, 2025.
Long-term debt fell from $3,984.9 million as of June 30, 2024. Hasbro repurchased $61.9 million of its 2026 and 2027 Notes during the six months ended June 29, 2025.
Divestiture
Hasbro recorded a $25.0 million expense related to Entertainment One.
Hasbro completed the sale of its Entertainment One film and television business to Lionsgate on December 27, 2023, for $375.0 million in cash. The company recorded a $25.0 million expense in Q1 2025 related to the final settlement of a holdback amount.
1 / 6
Ask AI about this report
Summary
SEC 10-Q filing for Hasbro, filed 2025-07-31.
Cite this report
Citation
Generating citation…
