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 announced a quarterly cash dividend of $0.68 per common share, slated for payment on November 15, 2021. Investors eligible to receive the dividend must be shareholders on record by November 1, 2021. This announcement underscores Hasbro's commitment to rewarding shareholders while continuing to engage audiences globally through its extensive portfolio of 1,500 brands, including popular franchises like TRANSFORMERS and DUNGEONS & DRAGONS.
Hasbro reported strong financial results for Q2 2021, with revenues rising 54% year-over-year to $1.32 billion. The company saw substantial growth in its Wizards of the Coast segment, driven by the success of MAGIC: THE GATHERING and DUNGEONS & DRAGONS. Operating profit soared to $76.6 million, while adjusted net earnings reached $145.4 million, or $1.05 per diluted share. Hasbro's dividend was set at $0.68 per share, with a total of $187.5 million paid out year-to-date. The recent sale of the eOne Music business for $397 million further strengthens Hasbro's financial position.
Hasbro, Inc. (NASDAQ: HAS) will host a webcast of its second quarter 2021 earnings conference call on July 26, 2021, at 8:30 a.m. ET. The financial results will be released before the call. Investors can access the call and presentation slides via Hasbro’s Investor Relations website at https://investor.hasbro.com. A replay will be available two hours post-event. Hasbro is a global play and entertainment company with a portfolio of 1,500 brands, including MAGIC: THE GATHERING and TRANSFORMERS, committed to enhancing the lives of children and families.
Hasbro, Inc. (NASDAQ: HAS) has successfully finalized the sale of its Entertainment One Music division to Blackstone for $385 million in cash. This strategic move aims to streamline operations, with the music group now led by Chris Taylor focusing on a creator-first brand. Hasbro plans to utilize the proceeds to accelerate deleveraging and for general corporate purposes. The transaction was advised by J.P. Morgan, with legal support from multiple law firms. The deal marks a significant step for Hasbro as it seeks to enhance financial stability.
Wizards of the Coast, a division of Hasbro (NASDAQ: HAS), announced the launch of DARK ALLIANCE, a four-player co-op action game, now available on multiple platforms including Steam, PlayStation, Xbox, and Xbox Game Pass. Priced at $39.99 digitally, the game features real-time combat and beloved Dungeons & Dragons characters battling iconic monsters. An exclusive Steelbook edition is available for $59.99. The game aims to enhance the D&D experience for players and includes cross-platform upgrades for console users.
Hasbro, Inc. (NASDAQ: HAS) will participate in a fireside chat hosted by Berenberg Capital Markets on June 8, 2021, at 10:15 AM Eastern. CEO Brian Goldner and CFO Deborah Thomas will lead the discussion, which is subject to schedule changes. Investors can access a live webcast on Hasbro's Investor Relations webpage, with an archived presentation available afterward. Hasbro is a leading global play and entertainment company known for brands like MAGIC: THE GATHERING, TRANSFORMERS, and DUNGEONS & DRAGONS.
Hasbro, Inc. (NASDAQ: HAS) has declared a quarterly cash dividend of $0.68 per common share, set to be paid on August 16, 2021. Shareholders of record as of August 2, 2021 will be eligible for this payment. This announcement underscores Hasbro's commitment to returning value to its shareholders while continuing to engage audiences through its vast portfolio of approximately 1,500 brands, including MAGIC: THE GATHERING, TRANSFORMERS, and DUNGEONS & DRAGONS.
Hasbro (NASDAQ: HAS) announces participation in the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 24, 2021, at 9:30 AM Eastern. Executives Brian Goldner, Deborah Thomas, and Darren Throop will represent the company. The presentation will be streamed live on Hasbro's Investor Relations page, with an archived version available for 90 days post-event. Hasbro, a leader in global entertainment, reaches audiences through brands like MAGIC: THE GATHERING and TRANSFORMERS, and has been recognized for its commitment to corporate citizenship.
Hasbro reported Q1 2021 financial results showing net revenues of $1.11 billion, a 1% increase from Q1 2020. The operating profit surged to $147.3 million, compared to a loss of $23.3 million last year. Net earnings reached $116.2 million, a significant turnaround from a loss of $69.7 million. The company's cash position improved to $1.43 billion after retiring $300 million in debt. The Consumer Products segment led growth with a 14% revenue rise, while Entertainment faced a 32% decline. Hasbro targets double-digit revenue growth for the full year.
FAQ
What is the current stock price of Hasbro (HAS)?
What is the market cap of Hasbro (HAS)?
What does Hasbro, Inc. do?
What are some of Hasbro’s most popular brands?
What recent acquisition has expanded Hasbro’s content capabilities?
What is Hasbro Studios?
What was Hasbro’s latest digital gaming acquisition?
What strategic partnership did Hasbro recently enter for a new game?
How does Hasbro contribute to corporate social responsibility?
What makes Hasbro a leader in the play experience industry?
What is Wizards of the Coast?
How is Hasbro expanding its digital games portfolio?
