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Hasbro, Inc. - HAS STOCK NEWS

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.

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Kiya & The Kimoja Heroes is a new animated series premiering on Disney Junior and Disney+ in the US on March 22, 2023. The show follows a seven-year-old girl named Kiya, who, along with her friends, transforms into superheroes known as the Kimoja Heroes. The series emphasizes themes of community, empathy, and diversity, featuring a cast inspired by Southern African landscapes and culture. Kiya balances her passions for dance and martial arts, which serve as her superpowers. The show aims to provide relatable characters and positive role models, encouraging young viewers to embrace their uniqueness.

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To celebrate the 30th anniversary of Magic: The Gathering, HOT POCKETS is offering limited-time boxes featuring in-game content for Magic: The Gathering Arena. Each box contains codes redeemable for exclusive items, including a themed deck, avatar, card sleeves, and experience bonuses.

The packaging showcases various mana colors and corresponding flavors, with white, blue, red, and green options available, while a black mana flavor is set to release in May. This promotion runs until June 30, 2023, with the goal of engaging fans of both the food and card game.

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Hasbro reported a 9% decline in full-year revenues to $5.86 billion for 2022, driven by a 17% drop in Q4 revenues to $1.68 billion. Operating profit for the year fell to $407.7 million, down 47% year-over-year. Despite challenges, the company highlighted successes such as the first billion-dollar revenue year for MAGIC: THE GATHERING and improvements in adjusted operating margins. For 2023, Hasbro anticipates low-single digit revenue decline but expects adjusted operating profit margins to expand by 50 to 70 basis points. The company is also targeting adjusted earnings per diluted share between $4.45 and $4.55.

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Hasbro, Inc. (NASDAQ: HAS) has declared a quarterly cash dividend of $0.70 per common share. The dividend will be payable on May 15, 2023, to shareholders of record as of May 1, 2023. This announcement underscores Hasbro’s commitment to returning value to its shareholders while continuing to uphold its brand reputation in global entertainment.

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Hasbro (NASDAQ: HAS) announced plans to cut approximately 1,000 full-time positions, or 15% of its global workforce, as part of leadership and organizational changes aimed at achieving $250-$300 million in annual cost savings by 2025. Despite strong growth in its Wizards of the Coast and Digital Gaming segments, overall fourth-quarter 2022 revenue dropped 17% year-over-year to $1.68 billion, driven by a 26% decline in Consumer Products. Adjusted earnings per diluted share ranged from $1.29 to $1.31, excluding charges related to restructuring efforts. Hasbro's Blueprint 2.0 strategy aims to enhance profitability and focus on major brands.

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Hasbro, Inc. (NASDAQ: HAS) has announced a quarterly cash dividend of $0.70 per common share, payable on February 15, 2023, to shareholders on record as of February 1, 2023. This decision reflects the company's commitment to returning value to its shareholders while maintaining its position as a leader in branded entertainment. With a portfolio that includes iconic brands like MAGIC: THE GATHERING and TRANSFORMERS, Hasbro continues to engage global audiences through innovative gaming and consumer products.

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Hasbro (NASDAQ: HAS) announced a fireside chat featuring CEO Chris Cocks and President of Wizards of the Coast Cynthia Williams. The event will focus on the franchise brand Magic: The Gathering and is hosted by UBS on December 8, 2022, at 11:00 AM Eastern Time. A live webcast will be available on Hasbro's Investor Relations website, with an archive accessible for one year. Hasbro is recognized for its engaging brand experiences, embodying its mission to entertain and connect fans globally through storytelling and play.

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FAQ

What is the current stock price of Hasbro (HAS)?

The current stock price of Hasbro (HAS) is $57.58 as of December 20, 2024.

What is the market cap of Hasbro (HAS)?

The market cap of Hasbro (HAS) is approximately 8.0B.

What does Hasbro, Inc. do?

Hasbro, Inc. is a global company that creates play experiences through brands like Littlest Pet Shop, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh, and Transformers, spanning toys, games, TV programming, motion pictures, digital gaming, and licensing.

What are some of Hasbro’s most popular brands?

Some of Hasbro’s most popular brands include Littlest Pet Shop, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh, and Transformers.

What recent acquisition has expanded Hasbro’s content capabilities?

In 2019, Hasbro acquired Entertainment One (eOne), adding popular family properties like Peppa Pig and PJ Masks to its portfolio.

What is Hasbro Studios?

Hasbro Studios is the entertainment arm of Hasbro, dedicated to creating brand-driven storytelling across mediums such as television and film.

What was Hasbro’s latest digital gaming acquisition?

In 2022, Hasbro acquired Dungeons & Dragons Beyond, gaining access to a community of 10 million digital tabletop players.

What strategic partnership did Hasbro recently enter for a new game?

Hasbro’s division, Wizards of the Coast, entered a licensing agreement with Starbreeze Entertainment to develop a new game based on the Dungeons & Dragons universe, expected to launch in 2026.

How does Hasbro contribute to corporate social responsibility?

Hasbro is committed to corporate social responsibility through philanthropy and environmental sustainability, positively impacting millions of children and families annually.

What makes Hasbro a leader in the play experience industry?

Hasbro’s leadership in the play experience industry is driven by its diverse product lineup, strategic acquisitions, strong brand portfolio, and commitment to storytelling across multiple platforms.

What is Wizards of the Coast?

Wizards of the Coast is a division of Hasbro that develops legendary games like Magic: The Gathering and Dungeons & Dragons, inspiring creativity and community among gamers.

How is Hasbro expanding its digital games portfolio?

Hasbro is expanding its digital games portfolio through strategic partnerships and acquisitions, such as the recent licensing agreement with Starbreeze Entertainment and the acquisition of Dungeons & Dragons Beyond.

Hasbro, Inc.

Nasdaq:HAS

HAS Rankings

HAS Stock Data

7.96B
131.08M
6.03%
86.16%
3.06%
Leisure
Games, Toys & Children's Vehicles (no Dolls & Bicycles)
Link
United States of America
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