Hasbro top analysts’ expectations for first quarter revenue

April 29, 2023

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First quarter revenue for Hasbro was up far beyond analysts expectations as they posted revenue of a billion, down 14% on last years figure but well ahead of analysts estimates of $878.4m.

US toy companies have been experiencing a short-term slowdown in demand, with retailers cutting back orders to tighten their inventories after a soft festive season. These trading conditions impacted demand for Hasbro’s leading toy ranges in the first quarter, resulting in a 23% drop in revenue at its consumer products segment, the company’s largest business unit.

However, Hasbro saw strong fan engagement in its Wizards of the Coast and Digital Gaming segment, with revenue from its Magic: The Gathering tabletop and digital game increasing by 16%, while demand for its Dungeons & Dragons role-playing game was also healthy.

Tags
Hasbro

SourceToyworld Mag

Mark Newbold

Exploring the galaxy since 1978, Mark wrote his first fan fiction in '81 and been a presence online since his first webpage Fanta War in 1996. He currently contributes to ILM.com and SkywalkerSound.com, having previously written for Star Wars Insider, StarWars.com, Star Wars Encyclopedia, Build The Millennium Falcon, Starburst Magazine, Geeky Monkey, TV Film Memorabilia and Model and Collectors Mart. He is a four-time Star Wars Celebration Stage host (the only podcaster to have appeared on every Celebration podcast stage since it began in 2015), the Daily Content Manager of Fantha Tracks and the co-host of Making Tracks, Canon Fodder and Start Your Engines on Fantha Tracks Radio.

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Counting Down To:

April 2026

mon06apr12:01 AM1:01 AMStar Wars: Maul - Shadow LordEvent starts in

May 2026

fri22may12:01 AM11:59 PMThe Mandalorian & GroguEvent ends in

Event Details

The Mandalorian and Grogu, announced as The Mandalorian & Grogu, is a Star Wars movie that started production in 2024. Directed by Jon Favreau and produced by Favreau, Kathleen Kennedy, and Dave Filoni, it takes place between the events of Episode VI: Return of the Jedi and Episode VII: The Force Awakens, focuses on the adventures of Din Djarin and Din Grogu, and will be a spinoff to the TV series Star Wars: The Mandalorian. The film was announced on January 9 that year on StarWars.com with a conceptual sketch by veteran illustrator Ryan Church, along with an announcement of a second season of the television series Star Wars: Ahsoka. A fourth season of The Mandalorian is also still in development.

On May 7, 2019, Disney revealed their future movie release schedule, including a set of three untitled new Star Wars films, one of which had a scheduled release date of December 20, 2024. The Star Wars Show also reported on the news on May 15. On July 23, 2020, after the onset of the COVID-19 pandemic, the film was delayed to December 19, 2025. After the start of the 2023 Writers Guild of America strike, Disney shifted their theatrical film release slate, with the film being pushed to its current release date of May 22, 2026. A film directed by Sharmeen Obaid-Chinoy occupied this release slot until The Mandalorian & Grogu was announced.

Star Wars Insider 224 revealed the initial film logo was the same as the one for The Mandalorian Season Three. In August 2024, during D23 2024, it was revealed that the film had entered production, and a new logo was revealed, in addition to a teaser that was shown to the audience. In August 2024, Sigourney Weaver revealed that she had joined the cast of The Mandalorian & Grogu.

Alongside the release of the movie, Millennium Falcon: Smuggler’s Run will be updated to include a new mission featuring Djarin, Grogu, Tatooine, Endor and Cloud City, which takes place off camera from the film.

Time

May 22, 2026 12:01 AM - 11:59 PM(GMT+01:00)

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February 2027

fri19feb12:01 AM11:59 PMStar Wars 50th Anniversary releaseEvent starts in

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First quarter revenue for Hasbro was up far beyond analysts expectations as they posted revenue of a billion, down 14% on last years figure but well ahead of analysts estimates of $878.4m.

US toy companies have been experiencing a short-term slowdown in demand, with retailers cutting back orders to tighten their inventories after a soft festive season. These trading conditions impacted demand for Hasbro’s leading toy ranges in the first quarter, resulting in a 23% drop in revenue at its consumer products segment, the company’s largest business unit.

However, Hasbro saw strong fan engagement in its Wizards of the Coast and Digital Gaming segment, with revenue from its Magic: The Gathering tabletop and digital game increasing by 16%, while demand for its Dungeons & Dragons role-playing game was also healthy.