Hasbro Inc. reported a second quarter earnings of $1.30 per share, surpassing analyst expectations of $0.78 per share. Adjusted revenue stood at $980.8 million, beating projections of $874.66 million despite a 1% year-over-year decline. Challenges from tariffs are being managed via cost reductions and pricing strategies. The digital game Monopoly Go! contributed $44 million in the quarter, while Magic: The Gathering's new expansion set earned $200 million on its launch day, driving significant growth in Hasbro's gaming segment, which saw a 16% year-over-year revenue increase.
Hasbro's second quarter earnings of $1.30 per share surpassed analyst expectations of $0.78 per share, signaling strong performance despite a challenging market environment.
The brand's total revenue of $980.8 million outpaced projections of $874.66 million, demonstrating resilience amid a 1% decline in year-over-year sales.
Digital games play a significant role in Hasbro's strategy, with Monopoly Go! becoming the top digital board game and contributing $44 million in Q2.
Magic: The Gathering has driven much of Hasbro's recent success, particularly with the Final Fantasy Universes Beyond Expansion earning $200 million on its first day.
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