Hasbro (NASDAQ:HAS), the global play and entertainment company, today announced robust financial results for the first quarter, showcasing significant revenue growth propelled by its Wizards of the Coast and Digital Gaming segment.
The company reported a 17% increase in total revenue for the first quarter of 2025.
This surge was largely attributed to an impressive 46% growth within the Wizards of the Coast and Digital Gaming segment.
The Consumer Products segment experienced a 4% decline, which still managed to exceed internal expectations.
Hasbro's operating profit reached $171 million, representing a 19.2% operating profit margin.
On an adjusted basis, operating profit climbed to $222 million, a $74 million increase from the prior year.
For the quarter, Hasbro posted net income of $98.6 million.
The Pawtucket, Rhode Island-based company also reported diluted net income per common share of $0.70.
Excluding the impact of specified items, adjusted diluted earnings per share came in at $1.04.
In addition to its operational performance, Hasbro returned $98 million to shareholders through dividends during the quarter and reduced its outstanding debt by $50 million.