Hasbro have posted solid figures for the second quarter of 2022 with a net revenue increase of 1%, taking their numbers up to £1.34bn. Despite those good figures, foreign exchange rates hit them for $32.7m.
The figures beat analysts’ estimates, showing growth in Hasbro operating profit, net earnings and EBITDA, with net revenue increasing by 1% to $1.34b
During the second quarter, Hasbro’s gross revenue grew by 4%, although that figure was impacted by the unfavourable $32.7m impact of foreign exchange. Revenue grew in Franchise Brands, Partner Brands and Emerging Brands, while Consumer Products revenue (the licensing side of Hasbro’s business) was up 7%. Wizards of the Coast, and Digital Gaming segment revenue grew by 3%. Top brand performances included Magic: The Gathering, Peppa Pig, Play-Doh and My Little Pony.
The second half of 2022 features significant new launches for Nerf with the Nerf Pro GelFire and Elite2.0 Motoblitz, while for Gaming, key releases include Wordle: The Party Game and Magic: The Gathering releases Dominaria United, Unfinity and Universes Beyond: Warhammer 40,000.
In addition, Hasbro will release products for Marvel Studios’ Black Panther: Wakanda Forever and the Star Wars series Obi-Wan Kenobi streaming on Disney+, while the company’s pre-school range will expand with new Peppa Pig, PJ Masks Marvel’s Spidey and His Amazing Friends collections.
On the entertainment side, key second half 2022 deliveries are expected to include Peppa Pig and PJ Masks to SVOD platforms in China, as well as deliveries of My Little Pony: Make Your Mark and Power Rangers Dino Fury content to Netflix.
Star Wars: The Mandalorian: Milestones Statue: Bo Katan @ ForbiddenPlanet.com
