Hasbro(US:HAS)2026-02-10 11:35Revenue Growth - Full year 2025 revenue increased by 14%, driven by a record 45% growth in the Wizards of the Coast and Digital Gaming segment[3] - Hasbro, Inc. reported net revenues of $1,445.9 million for the three months ended December 28, 2025, a 31% increase from $1,101.6 million in the same period last year[26] - The Wizards of the Coast and Digital Gaming segment achieved external net revenues of $630.4 million, an 86% increase from $339.0 million year-over-year[28] - Hasbro's Consumer Products segment reported external net revenues of $800.0 million, a 7% increase from $746.3 million in the previous year[28] - Wizards of the Coast and Digital Gaming net revenues reached $2,186.9 million in 2025, a 45% increase from $1,511.3 million in 2024[30] - Tabletop Gaming revenue surged to $1,686.6 million, up 62% from $1,039.6 million year-over-year[31] - Total company external net revenues for 2025 were $4,701.3 million, reflecting a 14% increase from $4,135.5 million in 2024[30] Profitability - Adjusted operating profit for 2025 was $1,140 million, reflecting a 36% increase year-over-year, with an adjusted operating margin of 24.2%[3] - The company reported an operating profit of $1,140.0 million for the year ended December 28, 2025, a 36% increase from $838.8 million in 2024[30] - Adjusted EBITDA for the year ended December 28, 2025, was $1,361.5 million, up from $1,057.4 million in 2024[32] - The company's operating profit for the same period was $297.5 million, representing an operating margin of 20.6%, compared to $59.8 million and 5.4% in the prior year[26] - For the three months ended December 28, 2025, Hasbro reported an operating profit of $297.5 million, a significant increase from $59.8 million in the same period of 2024, representing a growth of 397%[33] - The Wizards of the Coast and Digital Gaming segment generated an operating profit of $283.5 million for the three months ended December 28, 2025, compared to $80.9 million in the prior year, marking a 250% increase[33] Shareholder Returns - Hasbro returned $393 million to shareholders through dividends in 2025[3] - A quarterly cash dividend of $0.70 per common share has been declared, payable on March 4, 2026[7] - Hasbro declared cash dividends of $0.70 per common share for the three months ended December 28, 2025, consistent with the previous year[26] Net Earnings and Losses - The company reported a net loss of $2.30 per share, while adjusted net earnings were $5.54 per diluted share[3] - The company experienced a net loss of $318.2 million for the year ended December 28, 2025, compared to net earnings of $394.4 million in the previous year[27] - For the year ended December 28, 2025, Hasbro reported a net loss of $322.4 million, which included a non-cash goodwill impairment charge of $1,021.9 million in the Consumer Products segment[34] - Net earnings attributable to Hasbro, Inc. for the three months ended December 28, 2025, were $201.6 million, compared to a net loss of $34.3 million in the same period of 2024[34] Impairments and Adjustments - The impairment of goodwill was recorded at $1,021.9 million for the year, significantly impacting the net earnings[27] - The company incurred a non-cash goodwill impairment charge of $1,021.9 million in the Consumer Products segment due to tariff impacts[32] - The company incurred $25.0 million in loss on disposal of the eOne Film and TV business for the year ended December 28, 2025[34] - Strategic transformation initiatives costs for the year ended December 28, 2025, amounted to $18.3 million, aimed at improving business processes and operations[34] - Non-GAAP adjustments for the year ended December 28, 2025, totaled $1,128.9 million, significantly impacting the overall financial results[33] Future Projections - The company expects total revenue growth of 3%-5% in constant currency for 2026[14] - Adjusted EBITDA for 2026 is projected to be between $1.40 billion and $1.45 billion[14] - The company announced a new $1.0 billion share repurchase program, replacing the previous authorization[14] Cash Flow - Operating cash flow for 2025 was $893 million, an increase from $847 million in the prior year[3] - Cash flows from operating activities for the year were $893.2 million, slightly up from $847.4 million in the prior year[27] Liabilities and Equity - The total liabilities of Hasbro, Inc. decreased to $4,986.5 million from $5,155.3 million year-over-year[25] - The company’s total shareholders' equity decreased to $565.5 million from $1,185.0 million year-over-year[25] Consumer Products Performance - Consumer Products net revenues decreased to $2,437.6 million, down 4% from $2,543.9 million in the previous year[31] - North America generated $1,421.7 million in Consumer Products revenue, a decline of 5% compared to $1,493.0 million in 2024[31]