The overall sentiment of the earnings call is positive, driven by the strong performance of Wizards of the Coast and the increased revenue guidance. However, challenges in the Consumer Products segment and tariff impacts present some concerns.

Company Guidance -

Q3 2025

During the Hasbro Second Quarter 2025 Earnings Conference Call, guidance was provided for the fiscal year, reflecting a positive outlook and an increase in both top and bottom line expectations. Hasbro's strong performance was driven notably by the Wizards of the Coast segment, with Magic: The Gathering reporting a 23% year-over-year growth in the second quarter and a 32% increase year-to-date. The overall net revenue for the quarter was $981 million, while adjusted operating profit amounted to $247 million, with a margin of 25.2%. The company raised its full-year guidance for Wizards of the Coast revenue to grow in the high 20% range, with an operating margin between 42% and 43%. Despite a 16% decline in Consumer Products revenue, Hasbro managed near breakeven profitability through cost actions and expects sequential improvement in performance. Adjusted earnings per diluted share rose to $1.30, a 7% increase from the previous year. The company also highlighted a $1 billion noncash goodwill impairment charge in the Consumer Products segment due to tariff impacts, but the overall guidance for 2025 was raised, anticipating mid-single-digit revenue growth and an adjusted operating margin of 22% to 23%.

Strong Performance from Wizards of the Coast

Wizards of the Coast had a standout quarter with MAGIC: THE GATHERING growing 23% year-over-year in Q2 and 32% year-to-date. Final Fantasy became the biggest MAGIC set in history, driving significant player growth and engagement.

Increased Revenue Guidance

Based on the strong performance in the first half of 2025, Hasbro is raising its full-year revenue guidance to mid-single digits growth and adjusted EBITDA guidance to $1.17 billion to $1.2 billion.

Expansion in Licensing and Digital Segments

Hasbro's licensing and digital segments continue to outperform, with MONOPOLY GO! achieving significant user and revenue milestones.

Operational Cost Savings

Hasbro delivered $98 million in gross savings in the first half of 2025, on track to meet the annual target of $175 million to $225 million.

Hasbro (HAS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HAS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	1.61 / -	1.73	―	―	―
Jul 23, 2025	2025 (Q2)	0.78 / 1.30	1.22	6.56% (+0.08)
Apr 24, 2025	2025 (Q1)	0.67 / 1.04	0.61	70.49% (+0.43)
Feb 20, 2025	2024 (Q4)	0.34 / 0.46	0.38	21.05% (+0.08)
Oct 24, 2024	2024 (Q3)	1.29 / 1.73	1.64	5.49% (+0.09)
Jul 25, 2024	2024 (Q2)	0.78 / 1.22	0.49	148.98% (+0.73)
Apr 24, 2024	2024 (Q1)	0.27 / 0.61	0.01	6000.00% (+0.60)
Feb 13, 2024	2023 (Q4)	0.63 / 0.38	1.31	-70.99% (-0.93)
Oct 26, 2023	2023 (Q3)	1.72 / 1.64	1.42	15.49% (+0.22)
Aug 03, 2023	2023 (Q2)	0.56 / 0.49	1.15	-57.39% (-0.66)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HAS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$77.57	$76.84	-0.94%
Apr 24, 2025	$52.15	$59.75	+14.57%
Feb 20, 2025	$59.86	$67.62	+12.96%
Oct 24, 2024	$68.08	$63.99	-6.01%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.