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.

According to "Hasbro Form 10-Q: Q3 2023": 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!.

According to "Hasbro Form 10-Q: Q3 2023": 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.

According to "Hasbro Form 10-Q: Q3 2023": The Consumer Products segment experienced a 17% revenue decline as the company focused on inventory reduction efforts.

Hasbro is executing an 'Operational Excellence Program' that includes a 15% global workforce reduction to achieve $250–$300 million in annual cost savings.

According to "Hasbro Form 10-Q: Q3 2023": Hasbro is executing an 'Operational Excellence Program' that includes a 15% global workforce reduction to achieve $250–$300 million in annual cost savings.

The company is divesting its eOne Film and TV business to Lionsgate as part of its 'Blueprint 2.0' strategy to prioritize high-value franchise brands and digital gaming.

According to "Hasbro Form 10-Q: Q3 2023": The company is divesting its eOne Film and TV business to Lionsgate as part of its 'Blueprint 2.0' strategy to prioritize high-value franchise brands and digital gaming.

Despite a $428.2 million net loss for the first nine months of 2023, Hasbro maintains $3.73 billion in long-term debt and access to a $1.25 billion revolving credit facility.

According to "Hasbro Form 10-Q: Q3 2023": Despite a $428.2 million net loss for the first nine months of 2023, Hasbro maintains $3.73 billion in long-term debt and access to a $1.25 billion revolving credit facility.

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Key Insights

Hasbro Form 10-Q: Q3 2023

Hasbro~202 min full read

01
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.
02
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!.
03
The Consumer Products segment experienced a 17% revenue decline as the company focused on inventory reduction efforts.
04
Hasbro is executing an 'Operational Excellence Program' that includes a 15% global workforce reduction to achieve $250–$300 million in annual cost savings.
05
The company is divesting its eOne Film and TV business to Lionsgate as part of its 'Blueprint 2.0' strategy to prioritize high-value franchise brands and digital gaming.
06
Despite a $428.2 million net loss for the first nine months of 2023, Hasbro maintains $3.73 billion in long-term debt and access to a $1.25 billion revolving credit facility.

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