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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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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.

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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.

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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.

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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.

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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.

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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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Paramount+, Nickelodeon, and Hasbro's Entertainment One (eOne) announced the debut of the animated series TRANSFORMERS: EARTHSPARK, launching its first 10 episodes on November 11 in the U.S. and Canada. The series introduces a new generation of Transformers born on Earth and highlights the voice talents, including Nolan North and Marc Evan Jackson. The trailer was unveiled at New York Comic Con 2022. The show aims to redefine family through new robot characters and human connections, with its global rollout beginning in November.

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Hasbro (NASDAQ: HAS) appointed Dan Rawson as Senior Vice President of Dungeons & Dragons at Wizards of the Coast. Rawson, previously COO of Microsoft Dynamics 365, will focus on enhancing brand growth across digital and physical platforms. This move coincides with the recent acquisition of D&D Beyond, which already has over 10 million registered users. Cynthia Williams, president of Wizards of the Coast, highlighted the timing as ideal for expanding D&D's digital capabilities, enhancing community engagement, and maintaining a player-first approach.

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Hasbro, Inc. (NASDAQ: HAS) introduced Blueprint 2.0 at its first investor day under CEO Chris Cocks. The strategy aims to enhance operational efficiencies and drive profitability, expecting $250-$300 million in savings over three years, with $150 million by year-end 2023. Key focuses include investments in digital platforms, licensing partnerships, and entertainment content expansion. The company targets a revenue CAGR of mid-single digits to achieve $8.5B by 2027, alongside significant operating profit growth.

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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)
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United States of America
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