Hasbro ( (HAS) ) has released its Q4 earnings. Here is a breakdown of the information Hasbro presented to its investors.
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Hasbro, Inc., a leader in the games, intellectual property, and toy industry, is known for creating play experiences that engage millions globally through its diverse portfolio of physical and digital games, toys, and entertainment products. The company’s latest financial results reveal a year of strategic growth and improved profitability, despite a decline in overall revenue attributed largely to the divestiture of its eOne Film and TV business.
Hasbro’s 2024 financial performance highlights include a 17% decline in total revenue, with a more modest 7% decline when excluding the eOne divestiture. The company reported an operating profit of $690 million and an adjusted operating profit of $839 million, reflecting significant improvements from the previous year. Notably, the Wizards of the Coast and Digital Gaming segment saw a revenue increase of 4%, bolstered by a 22% rise in digital and licensed gaming revenue.
Key performance metrics for Hasbro’s various segments include a 12% revenue decline in Consumer Products and an 88% decline in Entertainment segment revenue, primarily due to the eOne business sale. However, the company achieved gross cost savings of $370 million and net cost savings of $227 million, alongside a substantial reduction in inventory levels.
Looking ahead, Hasbro anticipates a slight increase in revenue for 2025, with a focus on expanding its lineup of toys and games and leveraging strategic partnerships to enhance its brand portfolio. The company remains committed to investing in its core business and returning cash to shareholders through dividends.
Overall, Hasbro’s strategic initiatives and focus on operational efficiency position it well for potential growth opportunities in 2025, as it continues to navigate the dynamic landscape of the global play industry.
