Hasbro beats second-quarter estimates, goes 'all in' on digital gaming segment

Hasbro board games are seen for sale at a Target store on December 12, 2023 in Austin, Texas. Here's how Hasbro performed in the quarter ended June 30 compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: Though Hasbro's revenue declined 18% overall for the quarter, its Wizards of the Coast and digital gaming segment saw 20% revenue growth. This partially offset a decline in consumer product revenue of 20%, as well as a decline in the company's entertainment segment of 90%, ...