Good news for the Pawtucket powerhouse of Hasbro as profits and revenue grow above their 2020 levels, spelling a strong year of growth for the company.
Hasbro has reported financial results for the fourth quarter and full-year 2021. In 2021, net revenues increased 17% to $6.42b, with the Wizards of the Coast and Digital Gaming segment revenues up 42%. Meanwhile, the company reported its Entertainment segment revenues were up 27%, and Consumer Products segment revenues up 9%.
Operating profit of $763.3m, or 11.9% of revenue, was up from 9.2% of revenue in 2020.
For the full-year 2021, revenues grew in all brand portfolio categories: Franchise Brands, Partner Brands, Hasbro Gaming, Emerging Brands and TV/Film/Entertainment. Top brand performances included Magic: The Gathering, Nerf, Peppa Pig, My Little Pony and Transformers, as well as robust growth in Hasbro products for the Marvel portfolio, led by the Spider-Man franchise including products in support of the feature film Spider-Man: No Way Home and the new animated show Spidey and his Amazing Friends.
