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 $0.70 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.
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.
Hasbro, Inc. (NASDAQ: HAS) has initiated a sale process for its eOne TV and film business aimed at improving long-term positioning. Ancora Holdings Group expressed support for this strategy, noting it could help Hasbro deleverage, reduce operational complexity, and reinvest in core business segments with high growth potential. The sale process will be led by CEO Chris Cocks, who is recognized for considering investor feedback. Ancora believes these strategic enhancements will ultimately benefit shareholders, customers, and employees.
Hasbro (NASDAQ: HAS) announced a strategic review of its eOne TV and film business under CEO Chris Cocks. The Board has authorized a sale process for segments not aligned with its Branded Entertainment strategy. The company plans to boost investment in key brands such as Peppa Pig, Transformers, and Dungeons & Dragons as part of its Blueprint 2.0 strategy. Hasbro retains capabilities in animation, digital content, and theatrical films, while exploring options to maximize shareholder value. The process will take several months, with no assurance of a sale outcome.
Basic Fun! announced a Master Toy license agreement with Hasbro (NASDAQ: HAS) to relaunch the Littlest Pet Shop brand. The agreement allows Basic Fun! to manufacture and distribute Littlest Pet Shop collectible figures and playsets starting in 2024. Originally launched in 1992, the brand has sold millions of toys worldwide, with a strong legacy. This partnership aims to reintroduce the brand to a new generation, leveraging Basic Fun!'s expertise in marketing nostalgic toys.
Hasbro, Inc. (NASDAQ: HAS) announced the retirement of Executive Vice President and CFO Deborah Thomas after 24 years with the company. The firm is starting to identify her successor from both internal and external candidates while planning for Thomas to remain during the transition. CEO Chris Cocks praised Thomas for her leadership in transforming Hasbro into a global branded entertainment leader. Thomas expressed confidence in Hasbro's strategy for future growth. The company is recognized for its corporate citizenship and iconic brands.
Wizards of the Coast, a division of Hasbro (NASDAQ: HAS), has announced the release of new Magic: The Gathering Secret Lair cards designed by Grammy-nominated artist Post Malone. The limited-edition products, available for preorder until November 14, feature unique art and themes, showcasing Post's creative input. The sets include 'Backstage Pass' and 'The Lands,' with cards reflecting Post's personal style. This collaboration celebrates the 30th anniversary of Magic, connecting fans of both the game and the artist.
Hasbro, Inc. (NASDAQ: HAS) reported third-quarter 2022 revenues of $1.68 billion, a 15% decline year-over-year. Operating profit was $194.3 million, down 47%, primarily due to shifts in product shipments and increased consumer price sensitivity. Full-year guidance remains flat to slightly down revenue in constant currency, with a projected 16% adjusted operating margin. The Wizards and Digital Gaming segment are expected to contribute positively, especially with the upcoming 30th anniversary of MAGIC: THE GATHERING. An Operational Excellence program aims for $250-300 million in annual cost savings.
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