Entertainment company Hasbro has released its Q2 2025 report, showing heavy net losses owing to tariffs and goodwill impairment as per a CNBC report. Despite external factors, the company is reporting strong performance in certain segments such as its successful digital gaming arm, which includes its highly popular title ‘MAGIC: THE GATHERING’
“Hasbro’s return to growth in the first half of 2025 is clear validation that our Playing to Win strategy is working,” said CEO Chris Cocks.
“We delivered record-setting results from MAGIC: THE GATHERING, alongside strong contributions from our games portfolio, licensing partnerships, and digital initiatives. With this momentum, we’re increasing our full-year outlook and positioning Hasbro for sustained growth in 2025 and beyond.”
Hasbro’s revenues declined by 1% for the quarter, with a slump in performance in consumer products, which was offset by growth in its digital gaming arm and Wizards product line. Monopoly Go! contributed to revenue as well, adding $44 million for the quarter.
Hasbro reported a net loss of $855.8 million and a net loss per share of $6.10, primarily due to a $1 billion goodwill impairment. The company also paid dividends of $98 million to shareholders and paid off $12 million of outstanding debt.
Source: Google Finance
Hasbro is a multinational toy and board game company created in 1923 and is known for managing famous time-tested products such as Monopoly, Scrabble, Clue, and Dungeons & Dragons.