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 introduces a new immersive experience on Roblox called Visit Maretime Bay, celebrating the My Little Pony: Make Your Mark series now on Netflix. Players can transform their avatars into customizable pony avatars, enhancing self-expression in a secure environment. Hasbro eliminates chat features and monetization through Robux, ensuring a child-friendly atmosphere. The campaign includes partnerships with Tripadvisor for promoting Maretime Bay as a family vacation spot and supports girls' confidence through initiatives with the Girl Scouts of the USA.
tonies® has launched a Peppa Pig Toniebox Starter Set, available exclusively at Target, aimed at promoting screen-free entertainment for children. Priced at $99.99, the set includes a pink Toniebox and a Peppa Pig Tonie, featuring audio stories and music from the popular series. This innovative product supports preschoolers' imagination and learning. The Peppa Pig franchise, which has gained global popularity, helps young children navigate everyday life. The release also hints at more Peppa Pig content for the Toniebox in the coming year.
Hasbro, Inc. (NASDAQ: HAS) has scheduled its Investor Day for October 4, 2022, at 9:00 a.m. Eastern Time, featuring senior leaders including CEO Chris Cocks. Additionally, the company will hold its third quarter 2022 earnings conference call on October 18, 2022, at 8:30 a.m. Eastern Time. Financial information will be available during the events on Hasbro's Investor Relations website, which will also host replays shortly after each event.
Hasbro, Inc. (NASDAQ: HAS) announced the retirement of Board members Kenneth A. Bronfin and Edward M. Philip, effective after the 2023 Annual Meeting of Shareholders. Bronfin and Philip have served on the Board since 2008 and 2002, respectively. Chair Rich Stoddart expressed gratitude for their service, highlighting their contributions to the company's growth. CEO Chris Cocks noted the importance of a smooth transition for new Board members who joined in April 2022. Post-meeting, Hasbro's Board is expected to include 11 members, with 10 being independent.
Basic Fun! and Hasbro celebrate the 75th birthday of TONKA by launching the TONKA Playcation campaign, encouraging families to engage in playtime. The initiative features a special playdate in New York City with spokesperson Shaquille O'Neal, who will distribute TONKA Playcation Kits to families. Additionally, new TONKA vehicles, including the Mighty Monster RC Steel Dump Truck, set to debut in October, aim to enhance holiday sales. This milestone reflects the brand's legacy, with over 300 million trucks sold since its inception.
Wizards of the Coast, a division of Hasbro (NASDAQ: HAS), announced innovative product releases during its Wizards Presents virtual event, enhancing its $2.1 billion games portfolio. Upcoming launches for Dungeons & Dragons include playtesting for One D&D, the Dragonlance adventure set, and new campaign books slated through 2023. Magic: The Gathering will introduce pop culture collaborations, including Warhammer 40,000 and Doctor Who. With over 50 million fans, both brands aim to strengthen their market presence and attract new players through diverse gaming experiences.
Hasbro (NASDAQ: HAS) announces the upcoming departure of Darren Throop, President & CEO of its eOne division, at year-end. He will continue leading until then, with transition details to follow. Hasbro's CEO, Chris Cocks, praised Throop's leadership, highlighting the development of over 200 projects in film and television, including popular brands like TRANSFORMERS and MAGIC. This move comes as Hasbro focuses on expanding its entertainment strategy, with eOne integral to its future plans.
Hasbro, Inc. (NASDAQ: HAS) has announced a quarterly cash dividend of $0.70 per common share. The dividend will be payable on November 15, 2022, to shareholders of record on November 1, 2022. This decision reflects Hasbro's commitment to returning value to its shareholders while maintaining its position as a leader in the play and entertainment industry. The company continues to produce a diverse range of toys and games and has a strong portfolio of approximately 1,500 brands.
Paramount+ is set to release the new animated series Transformers: EarthSpark exclusively on its platform this November. The series introduces a fresh generation of Transformers, marking the first to be born on Earth, alongside a human family. The project includes 26 episodes and boasts a talented voice cast featuring Sydney Mikayla, Danny Pudi, and others. The reveal happened at Comic-Con International 2022, showcasing the series' first look. Transformers: EarthSpark aims to redefine family dynamics within the globally recognized Transformers franchise.
Hasbro, Inc. (NASDAQ: HAS) reported Q2 2022 net revenues of $1.34 billion, up 1%, with significant growth in consumer products and adjusted operating profit increasing by 14% to $241 million. Despite an 18% revenue decline in the Entertainment segment due to the prior music business sale, overall net earnings surged more than 100% to $142 million, or $1.02 per diluted share. The company completed the strategic acquisition of D&D Beyond for $146 million, enhancing its direct-to-consumer strategy. Shareholder returns included $97.4 million in dividends and $124 million in stock repurchases.
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