)

Hasbro (HAS) investor relations material
Hasbro Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Wizards of the Coast and Digital Gaming drove growth, with Magic: The Gathering revenue up 23% in Q2 and 32% year-to-date, offsetting declines in Consumer Products and Entertainment.
Q2 revenue declined 1% year-over-year to $981M, with strong Wizards growth nearly offsetting Consumer Products and Entertainment declines.
Q2 operating loss of $798M and net loss of $856M were driven by a $1.0B non-cash goodwill impairment in Consumer Products.
Adjusted net earnings per diluted share improved by $0.08 year-over-year in Q2 and $0.52 year-to-date, despite the reported net loss.
Full-year revenue and adjusted EBITDA guidance were raised, reflecting strong performance in Wizards and cost productivity.
Financial highlights
Q2 net revenue was $981M, down 1% year-over-year; adjusted operating profit was $247M, flat year-over-year.
Q2 adjusted EPS rose to $1.30, up $0.08 year-over-year; adjusted EBITDA was $302M, down 4% year-over-year.
Year-to-date revenue up 7%, driven by 28% growth in Wizards and Digital Gaming; adjusted operating profit of $470M.
Consumer Products revenue declined 16% to $442M, with near breakeven profitability; Entertainment revenue down 15% to $16M.
Cash and cash equivalents at quarter end: $547M; $196M returned to shareholders via dividends year-to-date.
Outlook and guidance
Full-year revenue expected to grow mid-single digits in constant currency, with adjusted operating margin of 22–23%.
Adjusted EBITDA guidance raised to $1.17B–$1.2B; capex around $250M.
Wizards of the Coast revenue forecasted to grow in the high 20% range, with 42–43% operating margin.
Consumer Products revenue expected to decline 5–8% for the year, with 4–6% adjusted operating margin.
Medium-term targets: mid-single digit revenue CAGR, 50–100bps annual margin expansion, $1B gross cost savings by 2027, and 2.5x gross debt/EBITDA by 2026.
Next Hasbro earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Toys and Games
Hasbro is an American multinational holding company operating globally and the company’s shares are listed on the Nasdaq. The company is headquartered in Pawtucket, Rhode Island, but has regional and local offices spread out across the world. The company owns several large IPs within the toy and entertainment world, including world-famous products like Transformers, Power Rangers, Nerf, My Little Pony, Monopoly, Wizards of the Coast, and several others.
The Hassenfeld Brothers
Hasbro, founded in 1923 by the Hassenfeld brothers, initially began as a textile remnant company in Providence, Rhode Island. The name is an abbreviation for “Hassenfield brothers, and over the years it evolved into a massive player in the world of toys and entertainment. In the 1950s, Hasbro achieved its first major success with the release of Mr. Potato Head, the first toy to be advertised on television. By the 1980s, Hasbro further solidified its position with popular toys like Transformers, My Little Pony, and GI Joe. Through strategic acquisitions and consistent innovation, Hasbro transitioned from a simple toy manufacturer to a global entertainment powerhouse, producing not only toys but also television shows, movies, and board games.
A Line of Iconic IPs
As previously mentioned, Hasbro owns several large and world-famous IPs. Some of these have been on sale in one form or another for decades, and have become household names in many corners of the world. Hasbro does not only sell toys but also produces various board games such as Twister and Monopoly. When looking at Hasbro’s publicly traded peers, one finds names such as Mattel, Jakks, and Spin Master.
Wizards of the Coast
Wizards of the Coast (WotC) is one of Hasbro’s most important IPs and a major source of revenue for the company. WotC’s claim to fame is Magic: The Gathering (MTG). Launched in 1993, MTG not only pioneered the collectible card game genre but also became a staple of popular culture. Its intricate gameplay, combined with a rich narrative universe, has cultivated a passionate and loyal global community of players.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage