Hasbro Quarterly Report: Q3 2025

Key insights

7 takeaways · ~3 min read

01
Hasbro's total net revenues for Q3 2025 increased to $1,387.5 million, up from $1,281.3 million in Q3 2024. For the nine months ended September 28, 2025, net revenues were $3,255.4 million, compared to $3,033.9 million for the same period in 2024.
02
The 'Grow Brands' portfolio significantly drove revenue growth, reaching $1,006.0 million in Q3 2025 (up from $839.0 million in Q3 2024) and $2,391.6 million for the nine months ended September 28, 2025 (up from $2,065.0 million in 2024).
03
Hasbro reported a Q3 2025 operating profit of $341.1 million, an increase from $301.9 million in Q3 2024, primarily due to revenue growth and cost savings initiatives.
04
Despite the Q3 operating profit increase, the company experienced an operating loss of $286.4 million for the nine months ended September 28, 2025, largely due to a $1,021.9 million non-cash goodwill impairment in the Consumer Products segment during Q2 2025.
05
The Entertainment segment's net revenue increased to $18.6 million in Q3 2025 from $17.2 million in Q3 2024, driven by entertainment streaming renewals and momentum in the PEPPA PIG brand.
06
Hasbro completed the sale of its Entertainment One film and television business to Lionsgate on December 27, 2023, for $375.0 million in cash.
07
The company repurchased $65.0 million of its 2026 and 2027 Notes during the nine months ended September 28, 2025, resulting in a gain on extinguishment of $1.5 million.