Core Insights - Hasbro, Inc. is a leading toy and game company with a market cap of $12.8 billion, offering a wide range of products through well-known brands [1][2] Group 1: Company Overview - Hasbro operates in the leisure industry and is classified as a large-cap stock due to its market capitalization exceeding $10 billion, indicating its significant size and influence [2] - The company boasts strengths such as iconic brands, global distribution, strategic licensing, digital transformation, and innovation, which contribute to its market reach and revenue growth [2] Group 2: Stock Performance - Despite a 13.1% decline from its 52-week high of $106.98 on February 12, Hasbro's stock gained 14.2% over the past three months, outperforming the State Street Consumer Discretionary Select Sector SPDR ETF's 9.9% dip [3] - Over a six-month period, Hasbro's shares rose by 24.3% and increased by 53.5% over the past 52 weeks, contrasting with the ETF's year-to-date losses of 7.4% [6] Group 3: Financial Performance - Hasbro's Q4 results showed strong performance, driven by significant growth in brands like MONOPOLY, Peppa Pig, Marvel, and Magic: The Gathering, with the consumer products division returning to growth [7] - The company reported an adjusted EPS of $1.51 for Q4, surpassing Wall Street expectations of $0.99, and its revenue reached $1.4 billion, exceeding forecasts of $1.3 billion [8]

Core Insights - Hasbro has opened its first fully developed and branded distribution center in the U.S. located in Midway, Georgia, marking a significant milestone in its supply chain innovation and operational efficiency [2][3] Group 1: Facility Overview - The new distribution center spans 600,000 square feet and was developed in partnership with GXO, enhancing Hasbro's omni-channel distribution capabilities across North America [2][3] - This facility accounts for approximately 25% of Hasbro's U.S. distribution footprint, complementing existing warehouses in Chino, California, and Joliet, Illinois [3] Group 2: Operational Impact - The center is expected to create between 60 and 70 jobs during standard operations, with seasonal employment potentially reaching up to 125 during peak periods [4] - It is projected to generate approximately $8 million in annual productivity savings, which will be reinvested into Hasbro's ongoing efficiency initiatives [4] Group 3: Strategic Importance - The facility is positioned as a key distribution hub in Hasbro's U.S. logistics network, supporting both brick-and-mortar retail partners and direct-to-consumer operations through Hasbro Pulse [3] - The investment in this distribution center reflects Hasbro's commitment to operational excellence and its transformation into a modern play and entertainment company [3]

Q4 and Full Year 2025 Earnings February 10, 2026 USE OF NON-GAAP FINANCIAL MEASURES Supplemental Financial Data The financial tables accompanying this presentation include non-GAAP financial measures as defined under SEC rules, specifically Adjusted operating profit. Adjusted operating margin. Adjusted net earnings and Adjusted net earnings per diluted share. which exclude, where applicable, acquired intangible amortization, strategic transformation initiatives, restructuring and severance costs, loss on di ...

Core Insights - Hasbro, Inc. reported strong financial results for Q4 and full year 2025, driven by its "Playing to Win" strategy, which has successfully returned the company to growth and engaged one billion fans [1][6] - The company anticipates continued momentum into 2026, with a focus on balancing business investments and shareholder returns, including a $1.0 billion share repurchase program [1][4] Full Year 2025 Highlights - Total revenue increased by 14%, with the Wizards of the Coast and Digital Gaming segment achieving a record growth of 45% [6] - The Consumer Products and Entertainment segments both experienced a decline of 4% [6] - Adjusted operating profit rose to $1,140 million, a 36% increase compared to the previous year, with an adjusted operating margin of 24.2% [6] - The company returned $393 million to shareholders through dividends [6] Segment Performance - **Wizards of the Coast and Digital Gaming**: Revenue surged by 86%, with MAGIC: THE GATHERING achieving a 59% increase, marking its strongest year ever [6][19] - **Consumer Products**: Revenue grew by 7%, with notable growth in brands like Peppa Pig and Transformers, despite a 4% decline overall [6][19] - **Entertainment**: Revenue decreased by 5%, primarily due to lower digital and advertising revenues [6][19] Q4 2025 Highlights - Q4 net revenues reached $1,445.9 million, a 31% increase from the previous year [19] - Operating profit for Q4 was $297.5 million, with an operating margin of 20.6% [19] - The company reported a net earnings per diluted share of $1.41, compared to a loss of $2.30 per share in the previous year [19] 2026 Company Outlook - For 2026, Hasbro expects total revenue growth of 3%-5% in constant currency, with adjusted operating margin projected between 24%-25% [6][4] - The Board of Directors declared a quarterly cash dividend of $0.70 per common share, payable on March 4, 2026 [4]

Company Overview - Hasbro, Inc. has a market cap of $12.1 billion and is a global toy and game company offering a diverse range of products including action figures, dolls, trading cards, and creative play items. The company also develops entertainment content and partners with digital game developers, featuring well-known brands such as NERF, TRANSFORMERS, DUNGEONS & DRAGONS, PLAY-DOH, and STAR WARS [1] Financial Performance - Analysts predict that Hasbro will report an adjusted EPS of $0.97 for fiscal Q4 2025, representing a significant increase of 110.9% from $0.46 in the same quarter last year. The company has consistently surpassed Wall Street's earnings estimates over the last four quarters [2] - For fiscal 2025, analysts forecast an adjusted EPS of $5.01, which is a 24.9% increase from $4.01 in fiscal 2024 [3] Stock Performance - Over the past 52 weeks, Hasbro's shares have increased by 49.3%, outperforming the S&P 500 Index's return of 16.9% and the State Street Consumer Discretionary Select Sector SPDR ETF's rise of 8.2% [4] Recent Developments - On October 23, Hasbro's shares rose by 3.7% following the announcement of strong Q3 2025 results, with revenue increasing by 8% year over year and operating profit rising by 13% to $341 million. This growth was driven by a 42% revenue surge in the Wizards of the Coast and Digital Gaming segment, with MAGIC: THE GATHERING revenue jumping 55% and an adjusted EPS of $1.68, showcasing a high operating margin of 44% in the Wizards segment [5] - Hasbro has raised its full-year outlook, projecting high-single-digit revenue growth, adjusted operating margins of 22% - 23%, and adjusted EBITDA of $1.24 billion - $1.26 billion [6] Analyst Sentiment - The consensus view among analysts on Hasbro stock is bullish, with a "Strong Buy" rating overall. Out of 13 analysts covering the stock, 10 recommend "Strong Buy," one suggests "Moderate Buy," and two indicate "Hold." The average analyst price target for Hasbro is $94.08, suggesting a potential upside of 9.1% from current levels [6]

Core Viewpoint - Hasbro, Inc. is a leading global toy and game company with a market cap of $11.4 billion, offering a diverse range of products and expanding its brands through digital gaming and entertainment content [1][2]. Financial Performance - In Q3 2025, Hasbro reported an 8% year-over-year revenue increase and a 13% rise in operating profit to $341 million, driven by a 42% revenue surge in the Wizards of the Coast and Digital Gaming segment [5]. - The revenue from MAGIC: THE GATHERING increased by 55%, with an adjusted EPS of $1.68 and a high operating margin of 44% in the Wizards segment, indicating strong profitability [5]. - Hasbro raised its full-year outlook, projecting high-single-digit revenue growth, adjusted operating margins of 22% - 23%, and adjusted EBITDA of $1.24 billion - $1.26 billion [6]. Stock Performance - Shares of Hasbro have slipped 3.8% from their 52-week high of $85.14 but have gained 9.4% over the past three months, outperforming the Dow Jones Industrials Average's 4.4% rise [3]. - Year-to-date, HAS stock is up 46.5%, significantly exceeding the Dow Jones's 13.2% gain, and has surged nearly 41% over the past 52 weeks compared to the Dow's 13.8% return [4]. - Analysts maintain a consensus "Strong Buy" rating for HAS stock, with a mean price target of $92.50, representing a 13% premium to current levels [7].

Core Insights - Wizards of the Coast, a subsidiary of Hasbro Inc., announced the development of WARLOCK: DUNGEONS & DRAGONS, a third-person single-player action-adventure game set in a dark fantasy open world inspired by Dungeons & Dragons [1][4] - The game features a protagonist named Kaatri, a veteran warrior who uses otherworldly magic to combat dark forces, with performance capture by actress Tricia Helfer [1][2] - WARLOCK is being developed for PC, PlayStation 5, and Xbox, with gameplay details expected to be revealed in summer 2026 and a planned launch in 2027 [4] Game Development and Features - WARLOCK allows players to utilize magic to navigate challenges, combining spellcasting and melee combat for a tactical experience [2] - The game is being developed by Invoke Studios, which has a history of working on acclaimed franchises such as Far Cry and Watch Dogs [5] - The narrative emphasizes the cost of wielding powerful magic, aligning with the themes of danger and wonder central to Dungeons & Dragons [4] Company Background - Wizards of the Coast is known for developing and publishing games that inspire creativity and build communities, with notable franchises including MAGIC: THE GATHERING and DUNGEONS & DRAGONS [6] - The company operates a diverse studio network, including first-party developers and co-venture partners, to create engaging gaming experiences across various platforms [7]

Core Insights - The new trailer for EXODUS was unveiled at The Game Awards, showcasing the protagonist Jun Aslan on a quest to save a collapsing world [1] - EXODUS is set to release in early 2027, highlighting a narrative that emphasizes humanity's resilience and the impact of player choices on the story [7] Company Overview - Archetype Entertainment, a division of Wizards of the Coast, was established in 2019 and is developing the EXODUS RPG, featuring a team of veteran developers from renowned studios [8] - Wizards of the Coast, a subsidiary of Hasbro, is known for creating games that inspire creativity and build communities, with popular franchises like MAGIC: THE GATHERING and DUNGEONS & DRAGONS [9] Game Features - Players will influence Jun's destiny through moral choices, with gameplay allowing for both stealth and open combat approaches [3][4] - The game will include companions with unique motivations, enriching the narrative with additional lore and quests [5] - The character C.C. Orlev, voiced by Matthew McConaughey, plays a significant role in guiding Jun throughout his journey [6]

Financial Performance Highlights - Hasbro's total revenue increased by 8% to $1.388 million in Q3 2025 [8], driven by Wizards of the Coast & Digital Gaming which grew by 42% [7, 14, 15] - Adjusted EPS was $1.68, impacted by a higher tax rate and FX [7] - For the first nine months of 2025, total Hasbro revenues were up 7% to $3,255 million [9, 10], also driven by Wizards and Licensing [9] - Adjusted operating profit for the first nine months increased by 14% year-over-year [9] - Adjusted EPS for the first nine months was $4.03, a $0.47 improvement year-over-year [9] - Q3 2025 net earnings attributable to Hasbro, Inc was $233.2 million [62] Segment Performance - Wizards of the Coast & Digital Gaming revenue increased by 42% in Q3 2025 [7, 14, 15], with tabletop gaming up 49% to $441.8 million [75] and digital and licensed gaming up 21% to $130.2 million [75] - Consumer Products revenue declined by 7% in Q3 2025 [7, 14, 15], but there was growth across brands including PEPPA, Marvel, GI JOE and Beyblade [7] - Entertainment segment revenue increased by 8% in Q3 2025 [14, 15] Inventory and Cash Flow - Total Hasbro owned inventory was up 6% year-over-year in Q3 2025 to $375 million [26, 27] - Operating cash flow declined $98 million year-over-year to $490 million for the first nine months of 2025 [39, 40] Guidance - The company updated its 2025 guidance, expecting net revenues to be up high-single digits in constant currency [41] - Adjusted EBITDA is projected to be between $1.24 billion and $1.26 billion [41]

Q2 2025 Financial Performance - Hasbro's total revenue decreased by 1% to $981 million in Q2 2025, with growth in Wizards of the Coast & Digital Gaming offset by declines in Consumer Products [7] - Wizards of the Coast & Digital Gaming segment revenue increased by 16% to $522 million, driven by MAGIC: THE GATHERING and Monopoly Go! [6, 13] - Consumer Products segment revenue declined by 16% to $442 million, despite growth in consumer products licensing [6, 13] - Hasbro reported a net loss of $856 million, or $6.10 per share, impacted by a $1022 million non-cash goodwill impairment [7, 6] - Adjusted EPS was $1.30, an $0.08 improvement compared to Q2 2024 [6] - Adjusted operating profit was approximately flat year-over-year at $247 million, driven by favorable business mix and improved cost structure [6, 7] - EBITDA was a loss of $742 million, while adjusted EBITDA was $302 million, a decrease of 4% [7] YTD 2025 Financial Performance - Hasbro's total revenue increased by 7% to $1868 million for the first six months of 2025, with momentum in Wizards and licensing offsetting declines in Consumer Products [8, 10] - Wizards of the Coast & Digital Gaming segment revenue increased by 28% to $985 million [8, 16] - Consumer Products segment revenue declined by 10% to $841 million [8, 16] - Hasbro reported a net loss of $757 million, or $5.41 per share, impacted by a $1022 million non-cash goodwill impairment [8, 10] - Adjusted EPS was $2.35, a $0.52 improvement compared to 1H 2024 [8] - Adjusted operating profit increased by 18% to $470 million, driven by higher revenues and favorable business mix [8, 10] - EBITDA was a loss of $530 million, while adjusted EBITDA was $576 million, an increase of 19% [10] 2025 Guidance - Hasbro updated its FY 2025 guidance, projecting net revenues to be up mid-single digits in constant currency [40] - Adjusted operating margin is expected to be between 22% and 23% [40] - Adjusted EBITDA is projected to be between $1.17 billion and $1.20 billion [40]