Welcome to our dedicated page for Hasbro news (Ticker: HAS), a resource for investors and traders seeking the latest updates and insights on Hasbro stock.
Hasbro, Inc. (NASDAQ: HAS) is a global leader in creating the world’s best play experiences through its iconic and beloved brands. The company’s extensive brand portfolio includes household names such as Littlest Pet Shop, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh, Transformers, and many more. Hasbro's offerings span a wide range of entertainment mediums, from traditional toys and games to television programming, motion pictures, digital gaming, and a comprehensive lifestyle licensing program.
Hasbro Studios, the company's entertainment arm, is dedicated to creating brand-driven storytelling that resonates across multiple platforms, including TV and film. Through strategic acquisitions and partnerships, such as the 2019 acquisition of Entertainment One (eOne), Hasbro has significantly expanded its reach and content capabilities, adding popular family properties like Peppa Pig and PJ Masks to its portfolio. In 2022, the company further strengthened its digital gaming presence by acquiring Dungeons & Dragons Beyond, offering access to a community of 10 million digital tabletop players.
Financially, Hasbro continues to show robust performance, driven by its diverse product lineup and strategic investments. The company is also deeply committed to corporate social responsibility, including philanthropy and environmental sustainability, positively impacting millions of children and families around the world.
In recent news, Hasbro’s division, Wizards of the Coast, announced a licensing agreement with Starbreeze Entertainment to develop a new game based on the Dungeons & Dragons universe, expected to launch in 2026. This partnership underscores Hasbro's strategy to grow its digital games portfolio through licensing and development, bringing immersive play experiences to a global audience.
Hasbro, Inc. (NASDAQ: HAS) has declared a quarterly cash dividend of $0.68 per common share, payable on February 15, 2022, to shareholders recorded by the close of business on February 1, 2022. This reflects Hasbro's commitment to returning value to its shareholders while maintaining a strong portfolio of approximately 1,500 brands, including MAGIC: THE GATHERING and TRANSFORMERS. The company continues to focus on immersive brand experiences and ethical corporate practices, ensuring a stable environment for investor confidence.
On December 2, 2021, Afterpay launched the Impossible Gift Finder, featuring Furby as the holiday gifting expert. This initiative aims to alleviate holiday shopping stress, with a focus on Gen Z, who are increasingly seeking gift inspiration through Afterpay's platform. From December 7-12, shoppers can interact with Furby on TikTok for real-time gifting advice and make purchases in four interest-free installments. This collaboration seeks to create a fun shopping experience while encouraging responsible spending.
T-Mobile and Hasbro have launched the Lite-Brite T-Mobile Edition, featuring 184 new magenta pegs and wireless-themed templates, priced at $19.99. This nostalgic toy aims to inspire creativity while incorporating a sweepstake for a 5G experience. The partnership is part of T-Mobile's broader engagement strategy, enhancing community support through toys for the Boys & Girls Clubs of America. With limited availability, customers can purchase the new edition online, which also offers free shipping until Cyber Monday.
Wizards of the Coast, a division of Hasbro (NASDAQ: HAS), announced two new Magic: The Gathering Secret Lair drops in collaboration with Riot Games, celebrating the launch of the animated series Arcane: League of Legends. The drops will be available for purchase from November 29 to December 23, with prices set at $29.99 for non-foil and $39.99 for foil sets. This collaboration aims to bring beloved brands into the Magic universe, enhancing fan engagement.
Hasbro, Inc. (NASDAQ: HAS) will hold its first-ever livestream shopping event, Hasbro Holiday Shopping Live, on
Hasbro, Inc. (NASDAQ: HAS) announces that Chris Cocks, President of Wizards of the Coast, will participate in the Jefferies Virtual Global Interactive Entertainment Conference on November 11, 2021, at 11:15 AM Eastern. The event will be webcast live, and an archive will be available for approximately one year on Hasbro's Investor Relations page. Hasbro is known for its diverse portfolio, including brands like Magic: The Gathering and Dungeons & Dragons, and has been recognized for its corporate citizenship.
Disguise, Inc. has amended its licensing agreement with Hasbro/eOne, expanding international rights to include Latin America, Australia, and New Zealand. This marks the first time Disguise will design, market, manufacture, and distribute costumes for popular brands such as Transformers and Peppa Pig in these regions. The company anticipates solid growth with new distribution partnerships set in place. Additionally, a multi-year agreement has been extended for PJ Masks in North America, which has been a valuable line for Disguise since 2016.
Hasbro reported Q3 2021 revenues of $1.97 billion, up 11% year-over-year. Entertainment segment revenue surged 76%, while Wizards of the Coast and Digital Gaming increased 32%. Consumer Products experienced a 3% decrease. Operating profit rose 9% to $367.9 million, with net earnings growing 15% to $253.2 million, or $1.83 per diluted share. The company maintained strong cash flow, with $685.6 million in operating cash flow and $1.18 billion in cash at quarter-end. Debt repayment totaled $400 million, supporting its solid financial position.
Hasbro announces the passing of Brian D. Goldner, the beloved Chairman and CEO, who led the company for over two decades. Under his visionary leadership, Hasbro evolved into a global play and entertainment powerhouse, expanding beyond toys into television and digital gaming. His strategic initiatives included the notable acquisition of eOne in 2019, enhancing Hasbro's storytelling capabilities. Rich Stoddart, Interim CEO, and Edward M. Philip, Lead Independent Director, remembered Goldner for his remarkable influence and leadership. Hasbro pledges continued commitment to creating enriching experiences for families worldwide.
Future Today has partnered with eOne to enhance its HappyKids channel with over 300 episodes and nine movies from eOne's catalogue, featuring popular titles like My Little Pony and Transformers Prime. This partnership aims to provide millions of young viewers free access to engaging family content. HappyKids experienced a remarkable 225% year-over-year user growth in September 2020, contributing to a total of over 55,000 movies and TV shows now available. Future Today reaches more than 100 million US households, solidifying its position as a leader in family-friendly streaming.
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