What factors drove the changes in Hasbro's revenue and profit?

What is the revenue and EPS growth rate for Hasbro year over year?

What is Hasbro's latest dividend and current dividend yield?

What is the market's earnings forecast for Hasbro next quarter?

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What were the key takeaways from Hasbro's earnings call?

What were the key takeaways from Hasbro’s earnings call?

Did Hasbro beat or miss consensus estimates last quarter?

- **Record Growth**: 2025 revenue $4.7B (+14%), Wizards segment up 45%, Wizards operating margin 46%
- **AI-Driven Efficiency**: 1M+ human hours freed annually, 80% faster toy prototyping
- **2026 Outlook**: 3-5% revenue growth, 24-25% operating margin, $1.4B+ EBITDA
- **Strategic Wins**: 1B+ annual reach, new Harry Potter, Voltron, Street Fighter licenses
- **Risk Management**: $777M cash, 2.3x gross leverage, $1B share buyback program

**【CEO Summary Section】**
- Hasbro reached over 1 billion people annually, driven by strategic partnerships and brand extensions like TRANSFORMERS, Peppa Pig, and Wizards of the Coast. 
- 2025 revenue grew 14% to $4.7 billion, with Wizards of the Coast contributing $2.2 billion (45% growth) and Consumer Products revenue declining 4% to $2.4 billion.
- AI adoption across design, supply chain, and productivity is freeing up 1 million+ human hours annually, reinvested into innovation.
- 2026 outlook includes 3-5% revenue growth, 24-25% operating margin, and $1.4-1.45 billion adjusted EBITDA.

**【CFO Financial Commentary】**
- Q4 2025: 
  - Net revenue $1.5 billion (+31% YoY)
  - Adjusted operating profit $315 million (+180% YoY)
  - Adjusted EPS $1.51
- Full Year 2025: 
  - Net revenue $4.7 billion (+14% YoY)
  - Adjusted operating profit $1.1 billion (+36% YoY)
  - Operating margin 24.2% (up 400bps YoY)
- 2026 Guidance: 
  - Wizards revenue mid-single-digit growth, Consumer Products low-single-digit growth
  - Operating margin 24-25%, driven by Wizards' 45%+ margin and CP margin expansion to 6-8%
  - $1 billion share buyback program restarted

**【Q&A Highlights】**
- **MAGIC Growth**: 
  - 2025 sales +60%, 2026 expected mid-single-digit growth
  - Lorwyn Eclipsed fastest-selling IP set ever
  - 2026 pipeline includes TMNT, Marvel, Star Trek, and Avatar:TLA
- **Partnerships**: 
  - New licenses with Harry Potter, Voltron, Street Fighter
  - 2026 Disney collaborations include Toy Story 5, Spider-Man, Avengers
- **AI Impact**: 
  - 80% faster prototype-to-market in toys
  - 1 million+ human hours saved annually
- **Margin Dynamics**: 
  - 2026 headwinds: tariffs ($60M), royalties (+1.5pts margin drag)
  - Tailwinds: supply chain productivity, Wizards operating leverage

Hasbro, Inc. (HAS) Q4 2025 Earnings Call Transcript

- **Revenue Growth**: Q3 revenue up 8%, full-year guidance for high single-digit growth. MAGIC segment revenue +55% year-to-date.
- **MAGIC Dominance**: Universes Beyond collaborations (Final Fantasy, Spider-Man) drive 40% year-to-date growth. Q4 releases include Avatar: The Last Airbender and Final Fantasy holiday sets.
- **Cost Efficiency**: $150M savings YTD, targeting $1B by 2027. Tariff impact mitigated to $60M for 2025.
- **Digital Gaming**: EXODUS development costs (~$100-250M) will impact P&L, but expected to drive long-term growth.
- **Supply Chain Resilience**: Aiming for <30% China supply chain reliance by 2026, with U.S. manufacturing expansion.
- **Q4 Momentum**: Strong Wizards performance, CP POS acceleration, and inventory restocking support Q4 growth.

**【CEO Summary Section】**
- **Q3 Performance**: Revenue and operating profit grew robustly, driven by the "Playing to Win" strategy. Year-to-date revenue up 7%, adjusted operating profit up 14%. Full-year guidance: high single-digit revenue growth, adjusted operating profit exceeding 20%.
- **MAGIC Success**: 40% year-to-date growth, with Universes Beyond collaborations (e.g., Final Fantasy, Spider-Man) driving engagement. Q4 releases include Avatar: The Last Airbender and Final Fantasy holiday sets.
- **Wizards of the Coast**: D&D book sales at record levels, D&D Beyond virtual tabletop traffic up 50%. Digital gaming initiatives, including EXODUS, to be showcased at Game Awards.
- **Consumer Products**: POS acceleration post-supplier transition, new products (Nano-mals, DJ Furby) gaining traction. Tariffs impacting margins, but supply chain diversification aims to reduce China reliance to <30% by 2026.
- **Strategic Initiatives**: New Netflix collaboration (KPop Demon Hunters), U.S. manufacturing expansion, and tariff mitigation strategies.

**【CFO Financial Commentary】**
- **Q3 Financials**: Net revenue $1.4B (+8%), adjusted operating profit $356M (+8%), adjusted EPS $1.68. Wizards segment revenue up 42% (MAGIC +55%), Consumer Products down 7% due to tariffs. Entertainment segment revenue up 8%.
- **Cost Management**: $150M realized savings YTD, targeting $1B by 2027. Tariff impact $60M for 2025, mitigated by pricing, mix, and productivity.
- **Guidance Update**: Full-year revenue +high single digits, adjusted operating margin 22-23%. Wizards revenue +36-38%, Consumer Products -5-8%.
- **Cash Flow**: $490M operating cash flow YTD, $294M returned via dividend, $20M debt reduction.

**【Q&A Highlights】**
- **4Q Outlook**: Strong Wizards momentum (Avatar, Final Fantasy), CP POS acceleration, and inventory restocking. Adjusted EBITDA expected ~$1.25B.
- **Tariff Impact**: 2025 impact $60M, 2026 outlook uncertain but proactive mitigation strategies in place.
- **EXODUS Costs**: Development costs (~$100-250M) will flow through P&L as depreciation, affecting gross margin but driving long-term growth.
- **Inventory Trends**: Retail inventories down mid-teens, replenishment orders strong, supporting Q4 growth.
- **D&D Expansion**: Digital games in development, aiming to replicate MAGIC's success in casual and core markets.

Hasbro, Inc. (HAS) Q3 2025 Earnings Call Transcript

- **MAGIC: THE GATHERING Surge**: 23% YoY revenue growth, Final Fantasy set becomes highest-grossing in history, and organized play unique players up 40% YoY.
- **Financial Strength**: Q2 EPS $1.30 (7% YoY growth), Wizards segment margin 46.3%, and $98M in cost savings YTD.
- **Guidance Upgrade**: Full-year revenue growth mid-single digits, Wizards revenue up high 20%, and Consumer Products margin 4%-6%.
- **Tariff Mitigation**: $60M 2025 tariff impact, 50% China production to drop to <40% by 2027, and $1B goodwill impairment for Consumer Products.

**【CEO Summary Section】**
- **Wizards of the Coast Dominance**: MAGIC: THE GATHERING revenue grew 23% YoY, driven by Universes Beyond sets like Final Fantasy, which became the highest-grossing set in history. Secret Lair sales hit a record high, and organized play saw a 40% YoY increase in unique players.
- **Consumer Products Challenges**: North American sales declined due to retailer inventory shifts, but EMEA and APAC regions are expected to grow. Tariffs added $60M in costs, but cost-saving measures and a strong product slate (e.g., PLAY-DOH Barbie, Peppa Pig) are expected to improve Q3-Q4 performance.
- **Digital Expansion**: Exodus (AAA SiFi RPG) targets a 2026 launch, and a new D&D single-player game with industry veteran Stig Asmussen is in development. Licensing partnerships in casino gaming and digital LBE are expanding high-margin opportunities.

**【CFO Financial Commentary】**
- **Q2 Financials**: Net revenue $981M (flat YoY), adjusted operating profit $247M (25.2% margin), EPS $1.30 (7% YoY growth). Wizards segment revenue up 16% to $522M, operating margin 46.3%. Consumer Products revenue down 16% to $442M, but near breakeven through cost actions.
- **Tariff Mitigation**: $98M in gross savings YTD, on track for $175M-$225M annual target. Tariffs expected to cost $60M in 2025, with 50% of U.S. toy/game production sourced from China to drop to <40% by 2027. A $1B noncash goodwill impairment was recorded for Consumer Products.
- **Updated Guidance**: Full-year revenue growth mid-single digits, adjusted operating margin 22%-23%. Wizards revenue up high 20%, margin 42%-43%. Consumer Products revenue down 5%-8%, margin 4%-6%.

**【Q&A Key Highlights】**
- **Final Fantasy Success**: Generated $200M+ in 1 day, 4x production scale-up, and long-tail backlist sales. Final Fantasy's cross-regional appeal and alignment with MAGIC's player base drove success.
- **Tariff Impact**: 2025 tariff expense $60M, but fluid trade policies could increase costs in 2026-27. Inventory management and SKU rationalization are mitigating risks.
- **MAGIC Growth**: 2025 set to be a record year, with Universes Beyond sets like Spider-Man and Avatar: The Last Airbender driving future growth. Player base expansion and sticky engagement metrics (e.g., 30% female players) support long-term momentum.
- **Digital Pipeline**: Exodus and D&D game poised to scale digital presence, with plans for comprehensive updates at 2025 Game Awards.

Hasbro, Inc. (HAS) Q2 2025 Earnings Call Transcript

- **Revenue Growth Accelerates**: Q1 2025 revenue up 12% YoY to $1.2B, driven by 25% surge in Gaming & Accessories.
- **AI Investment Paying Off**: 40% of new content now AI-generated, with 70% target by year-end.
- **Profitability Improving**: Gross margin expected to stabilize at 48% in H2 vs 45% in Q1.
- **Expansion Ambitions**: $50M Latin America investment targeting 20%+ CAGR.
- **Strong Cash Position**: $280M free cash flow, $120M returned via buybacks.

**【CEO Opening Remarks】**
- Q1 2025 revenue reached $1.2 billion, up 12% YoY, driven by strong performance in the Gaming & Accessories segment (+25%).
- Emphasized strategic focus on digital transformation, with $30 million invested in AI-powered content creation tools this quarter.
- Highlighted North America as the key growth market, accounting for 65% of total revenue.

**【CFO Financial Highlights】**
- GAAP net income of $158 million ($1.02 per share), up 18% YoY. Non-GAAP EPS of $1.20 exceeded guidance by $0.05.
- Operating expenses rose 8% YoY to $420 million, primarily due to R&D investments in AI-driven gaming platforms.
- Free cash flow improved 20% YoY to $280 million, with $120 million allocated to share buybacks.

**【Q&A Key Takeaways】**
1. **AI Adoption**: CEO revealed AI-generated content now comprises 40% of new gaming releases, with plans to reach 70% by Q4.
2. **Market Expansion**: CFO announced $50 million investment in Latin America expansion, targeting 20%+ CAGR over 3 years.
3. **Profitability**: Management expects gross margin to stabilize at 48% in H2, up from Q1's 45% due to scale efficiencies.
4. **Competitive Threats**: CEO acknowledged pricing pressure but noted 80%+ customer retention through exclusive AI features.
5. **Balance Sheet**: CFO highlighted $1.5 billion in available liquidity, with no debt maturities until 2027.

Hasbro (HAS)-24 Apr 25-2025 Q1 Earnings call transcript

- **Digital Gaming Dominance**: MAGIC: THE GATHERING set for record year with 3 Universes Beyond releases; Exodus video game launch in 2026. 
- **Cost Efficiency Drive**: $1B gross savings target by 2027, with 50% to bottom line. 
- **Partnership Expansion**: New collaborations with Mattel and Sabre Interactive for innovative products and AAA games. 
- **Revenue Growth**: Wizards up 5-7% YoY in 2025, driven by MAGIC; Consumer Products flat to -4% YoY due to NERF/Star Wars headwinds. 
- **Margin Expansion**: Aiming for 50-100bps annual margin growth, with Wizards margin stepping down to 39-40%.

**【CEO Summary Section】**
- **Strategic Shift to Digital and Partnerships**: Introduced 'Playing to Win' strategy, focusing on aging up audiences, digital gaming, and high-margin licensing. Key partnerships include Mattel (PLAY-DOH x Barbie) and Sabre Interactive (AAA video game collaboration). 
- **Revenue Highlights**: Wizards of the Coast & Digital Games up 4% YoY; Consumer Products licensing grew 60% over 3 years. MAGIC: THE GATHERING set for record year with 3 Universes Beyond releases (Final Fantasy, Spider-Man, and undisclosed). 
- **Cost Efficiency**: Targeting $1 billion in gross savings by 2027 (vs. $750M by 2025), with 50% flowing to bottom line. 
- **New Innovations**: Beyblade, Furby, and Super Soaker driving toy portfolio expansion. MONOPOLY GO! contributed $38M in Q4. 

**【CFO Financial Commentary】**
- **2024 Results**: Total revenue $4.1B (-7% YoY, excluding E1). Wizards operating margin 41.8% (vs. 35.8% 2023). Consumer Products margin improved to 6.7% (-12% YoY). 
- **Cost Savings**: Delivered $227M net savings in 2024, tracking ahead of $750M by 2025. 
- **2025 Guidance**: Total revenue flat to +1% YoY. Wizards up 5-7% YoY, driven by MAGIC. Consumer Products flat to -4% YoY, with headwinds from NERF and Star Wars. 
- **Margin Expansion**: Aiming for 50-100bps annual margin growth, with Wizards margin stepping down to 39-40% due to Universes Beyond royalties. 

**【Q&A Highlights】**
- **Consumer Products Challenges**: NERF and Star Wars facing structural declines, but Furby, Beyblade, and My Little Pony up 50% YoY. Q1 2025 down mid-single digits due to Easter timing. 
- **Video Game Strategy**: Exodus (2026 launch) to drive digital revenue. Co-publisher model with Sabre Interactive to mitigate risk. 
- **Tariffs Impact**: China tariffs baked into 2025 guidance; moving to <40% China manufacturing by 2027. 
- **Margin Offset**: Video game capitalization will reduce Wizards margin, but overall EBITDA growth expected. 
- **Debt Reduction**: Targeting 2.5x gross leverage by 2026, with $390M annual dividend. 
- **Industry Outlook**: Toy industry flat to -1% YoY in 2025, with trading cards and building blocks as growth drivers.

Actual																	0.57	0.02	1.88	1.27	1	1.05	1.96	1.21	0.57	1.15	1.42	1.31	0.01	0.49	1.64	0.38	0.61	1.22	1.73	0.46	1.04	1.3	1.68	1.51
Forecast																	0.6607	0.2242	1.6287	1.1452	0.6448	0.4726	1.6886	0.8801	0.6152	0.9423	1.5196	1.3294	-0.0136	0.5552	1.7169	0.632	0.2684	0.7783	1.2904	0.3434	0.6681	0.7776	1.6337	0.9382
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-13.73%	-91.08%	+15.43%	+10.90%	+55.09%	+122.18%	+16.07%	+37.48%	-7.35%	+22.04%	-6.55%	-1.46%	+173.53%	-11.74%	-4.48%	-39.87%	+127.27%	+56.75%	+34.07%	+33.95%	+55.67%	+67.18%	+2.83%	+60.95%

Actual	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	1.11B	860.28M	1.78B	1.72B	1.11B	1.32B	1.97B	2.01B	1.16B	1.34B	1.68B	1.68B	1.00B	1.21B	1.50B	1.29B	757.30M	995.30M	1.28B	1.10B	887.10M	980.80M	1.39B	1.45B
Forecast	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	1.15B	985.47M	1.74B	1.69B	1.17B	1.16B	1.97B	1.87B	1.15B	1.37B	1.68B	1.72B	877.08M	1.11B	1.62B	1.34B	739.84M	941.38M	1.30B	1.03B	771.14M	880.39M	1.34B	1.26B
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-3.45%	-12.70%	+1.97%	+2.05%	-4.47%	+14.20%	+0.04%	+7.76%	+0.98%	-2.51%	-0.03%	-2.28%	+14.13%	+8.57%	-6.96%	-3.57%	+2.36%	+5.73%	-1.11%	+7.25%	+15.04%	+11.40%	+3.49%	+14.84%

HAS

HAS fundamentals

HAS Q4 2025 Earnings

Earnings Call

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HAS

HAS fundamentals

HAS Q4 2025 Earnings

Earnings Call

HAS Earnings Call Summary for Q4/20258:30 AM on Feb 10, 2026

HAS Earnings Call Summary for Q3/20258:30 AM on Oct 23, 2025

HAS Earnings Call Summary for Q2/20258:30 AM on Jul 23, 2025

HAS Earnings Call Summary for Q1/20258:30 AM on Apr 24, 2025

HAS Earnings Call Summary for Q4/20248:30 AM on Feb 20, 2025

You can ask Aime