DIRS.INFO The most relevant business & tech news

☆ Hasbro beats second-quarter estimates, goes 'all in' on digital gaming segment
▼ + stars: | 2024-07-25 | by ( Justine Fisher | ) www.cnbc.com time to read: +2 min

Toy company Hasbro beat Wall Street expectations for the second-quarter on Thursday, thanks in part to growth in its digital gaming segment. Though Hasbro's revenue declined 18% overall for the quarter, its Wizards of the Coast and digital gaming segment saw 20% revenue growth. Hasbro attributed the revenue increase for Wizards of the Coast and digital gaming to the launch of MAGIC's card game, Modern Horizons 3, and the continued impact of licensed and digital gaming, with Monopoly Go! CEO Chris Cocks said during the company's earnings call that it continues to invest in its digital gaming portfolio, highlighting the recent appointment of John Hight as president of Wizards of the Coast and digital gaming. The company estimates a total adjusted EBITDA for the full year of between $975 million and $1.025 billion.

Persons: Chris Cocks, John Hight, John, we're, " Cocks Organizations: Hasbro, Austin , Texas . Toy, LSEG, Wizards, Monopoly Locations: Austin , Texas

☆ Here are Friday's biggest analyst calls: Netflix, Nvidia, Apple, Arm, Meta, Amazon, Hasbro, Coinbase, Broadcom & more
▼ + stars: | 2024-07-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: UBS upgrades Accenture to buy from neutral UBS said the IT services company has AI optionality. UBS upgrades Wolverine World Wide to buy from neutral UBS said it sees sales growth and margin upside for the footwear manufacturer. JPMorgan reiterates Netflix as overweight JPMorgan said it's sticking with its overweight on Netflix following Thursday's earnings report. Bank of America reiterates Amazon as buy Bank of America said it's sticking with its buy rating following Amazon's Prime Day. UBS upgrades Ameren to buy from neutral UBS upgraded the electric services company and said regulatory risks are "overly discounted."

Persons: Morgan Stanley, Oppenheimer, William Blair, it's, Needham, Coinbase, Wedbush, it's bullish, Barclays downgrades Molson Coors, Cantor Fitzgerald, Cantor, Evercore, JPMorgan, Buck, Melius Organizations: UBS, Accenture, JPMorgan, Netflix, Revenue, Bank of America, 3Q, Nvidia, Meta, NASDAQ, Trump, Vance, Big Tech, Choice, Barclays downgrades, Barclays, TAP, Apple, Services, Broadcom, Broadcom's, Consumer, Hasbro Locations: China, Coinbase

☆ Stocks making the biggest moves midday: Adobe, RH, Hasbro and more
▼ + stars: | 2024-06-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Adobe — The software stock surged 14% on stronger-than-expected quarterly results. Adobe posted adjusted earnings of $4.48 per share on $5.31 billion in revenue and boosted its full-year guidance. JPMorgan also upgraded shares to overweight from neutral. Hasbro — The toymaker's shares jumped 4.8% on the back of an upgrade from Bank of America to buy from neutral. Dell Technologies — The PC maker fell more than 1% after CEO Michael Dell disclosed the sale of 5.7 million shares.

Persons: RH, LSEG, Zscaler, Keith Gill, Stellantis, Michael Dell, —, Alex Harring, Michelle Fox, Pia Singh Organizations: Adobe, JPMorgan, Wall, Hasbro, Bank of America, Zero Trust Network Security, Boeing — Boeing, Federal Aviation Administration, Airbus, New York Times, GameStop, Dell Technologies Locations: Bank, U.S

☆ Stocks making the biggest moves premarket: Adobe, Hasbro, GameStop and more
▼ + stars: | 2024-06-14 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

GameStop — The meme stock dipped 1.1% after Keith Gill, known as "Roaring Kitty," seemingly increased his ownership in GameStop. He appears to be holding 9.001 million GameStop shares and over $6 million in cash, according to a screenshot he posted to Reddit. JPMorgan upgraded shares to overweight from neutral on Friday, saying Adobe is poised for "smoother sailing ahead" after its strong quarterly print. Hasbro — Bank of America upgraded the toymaker to buy from neutral, sending shares 1.7% higher. On the other hand, the company saw $727 million in revenue, topping the $725 million estimate from analysts.

Persons: Keith Gill, Adobe, RH, LSEG, ZScaler, Alex Harring, Michelle Fox Theobald Organizations: GameStop, Adobe, JPMorgan, Hasbro — Bank of America, Wall, Boeing, New York Times, Federal Aviation Administration, Zero Trust Network Security

☆ Morgan Stanley says these stocks show 'no sign of slowing down' into the summer
▼ + stars: | 2024-05-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

A slate of stocks — including a couple of notable winners — still have plenty more room to run this summer, according to Morgan Stanley. "Despite near all-time high, valuation remains attractive, especially when compared to more well known stocks," he wrote. Warner Music Group Analyst Benjamin Swinburne recently resumed coverage of Warner Music Group with an overweight rating and called the stock a top pick. Warner Music Group "In the past 18 months, the music industry has seen significant positive developments. Progressive "Despite near all-time high, valuation remains attractive, especially when compared to more well known stocks.

Persons: —, Morgan Stanley, it's, Morgan, Morgan Stanley's, Megan Alexander, Alexander, she's, Bob Jian Huang, Huang, Benjamin Swinburne, Swinburne, Price, DELL Organizations: Nvidia, CNBC, Dell Technologies, Hasbro, Body Works, Warner Music Group, Android, Warner Music, Warner, NVIDIA

Morgan Stanley accompanied the move by cutting its price target to $100 from $120. His $185 price target, up from $160, forecasts that shares of Take-Two could rally 23% from Wednesday's close. — Lisa Kailai Han 5:55 a.m.: Bernstein initiates Ford at an outperform rating Investors who don't own Ford are missing out, according to Bernstein. — Lisa Kailai Han 5:55 a.m.: JPMorgan upgrades Hasbro Don't expect Hasbro's momentum to slow in the near future, according to JPMorgan. It also raised its price target on shares to $74 from $61, implying upside of 22%.

Persons: Bernstein, Morgan Stanley downgrades NetEase, Morgan Stanley, Alex Poon, Poon, Lisa Kailai Han, Omar Dessouky, Dessouky, — Lisa Kailai Han, Sam Poser, Sean Dodge, Dodge, GoodRx, Ford, Daniel Roeska, Roeska didn't, Roeska, Christopher Horvers, Fred Imbert Organizations: CNBC, Ford, JPMorgan, Hasbro, NetEase, Bank of America, Rockstar Games, Rockstar, Supreme, Corp, Trading, EMEA, Timberland, RBC, RBC Capital Markets, pharma, Kroger Locations: China, Wednesday's, Americas

☆ Critical Role returns to its fast and loose livestream roots to promote its Hasbro-killer board game empire
▼ + stars: | 2024-05-15 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +1 min

Critical Role started off as a Twitch livestream, but it now mostly rolls out pre-recorded episodes. The crew returned to its chaotic roots to promote Daggerheart, a new game it created in-house. Daggerheart is positioned to be an answer to Hasbro's D&D — the game that CR became famous for playing. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But while a March livestream was framed as a one-off event, the cast got back together on Tuesday night to promote their new game, Daggerheart.

Persons: Hasbro's, —, livestream, Sam Riegel —, Matt Mercer's Organizations: CR, Service, Business

☆ Hasbro CEO: Toys will always be an important part of our business
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHasbro CEO: Toys will always be an important part of our businessHasbro CEO Chris Cocks joins 'Money Movers' to discuss Hasbro's recent strategic turnaround and what's clicking for the company.

Persons: Chris Cocks Organizations: Hasbro

☆ Nerd world's most famous faces are out to conquer the gothic horror gaming space — and their heartbreak prince is here to get the job done
▼ + stars: | 2024-04-08 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +10 min

Critical Role recently released "Candela Obscura," a gothic horror roleplaying game. These qualities make O'Brien ideal for stepping into the game master role for "Candela Obscura," Critical Role's new gothic horror game, and he's leaning hard into the tragedy. AdvertisementIt's also one of the more punishing gaming systems he's played in, O'Brien told during our video call. Mercer, the team's designated game master, is the one who crafts the narrative and controls how the story develops. "I always prefer complicated narratively satisfying endings to a neat little happy ending," O'Brien told me.

Persons: Liam O'Brien, —, Matthew Mercer, O'Brien, I've, It's, he's, Twitch, Mercer, — O'Brien, — Taliesin Jaffe, Imari Williams, Aimee Carrero, Alexander Ward —, Taliesin Jaffe, Alexander Ward, Julius Caesar, Irish, Martin McDonagh, Spenser Starke, Rowan Hall, Aabria Iyengar, Starke, Mary Shelley, it's, Amazon, Marisha Ray, Travis Willingham, Ashley Johnson, Sam Riegel, Laura Bailey, Matthew Mercer Robyn von Swank Organizations: Service, Wembley, Darrington Press, Hasbro's, Hasbro, CR Locations: Europe, Ireland, New York, Mercer, Starke

☆ Critical Role's heartbreak prince helped make 'Dungeons & Dragons' cool. Now he's coming for the gothic horror gaming scene.
▼ + stars: | 2024-04-08 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +10 min

Critical Role recently released "Candela Obscura," a gothic horror roleplaying game. AdvertisementIn October, Critical Role, a crew of eight self-professed "nerdy-ass voice actors," played their long-running "Dungeons & Dragons" game at a sold-out Wembley Arena. These qualities make O'Brien ideal for stepping into the game master role for "Candela Obscura," Critical Role's new gothic horror game, and he's leaning hard into the tragedy. AdvertisementIt's also one of the more punishing gaming systems he's played in, O'Brien told me during our video call. Mercer, the team's designated game master, is the one who crafts the narrative and controls how the story develops.

☆ The 8 people who made 'Dungeons & Dragons' cool just launched their answer to the game. Hasbro and its game empire should be very, very nervous.
▼ + stars: | 2024-03-13 | by ( Cheryl Teh | Chris Kaye | ) www.businessinsider.com time to read: +5 min

The cast of Critical Role launched the open beta for their new gaming system, "Daggerheart," on Tuesday. Last year, people packed into a sold-out Wembley Arena to watch the eight-person cast of Critical Role play "Dungeons & Dragons." But on Tuesday night, they took a break from the game that made them famous and launched "Daggerheart," their answer to "Dungeons & Dragons." The previous edition's Open Game License, or OGL, allowed creators to publish and profit from work compatible with the game. It's possible to rebuild your "Dungeons & Dragons" characters in "Daggerheart," and the complex capabilities built into the game allow for extended narrative-driven campaigns.

Persons: they've, —, Matthew Mercer, It's, it's, Travis Willingham, Willingham, there's, Elon Musk, Gizmodo Organizations: Twitch, Hasbro, Service, Wembley, Darrington Press, BI

☆ Stocks making the biggest moves midday: Uber, Airbnb, MGM Resorts, Robinhood and more
▼ + stars: | 2024-02-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Uber — Uber's shares jumped 11%, climbing to a new 52-week high, after the ride-hailing company announced an inaugural $7 billion share repurchase authorization program. The higher end of the company's full-year earnings per share guidance, $11.40, was also above estimates of $10.83 per share. On Tuesday, DaVita posted earnings of $1.87 per share, ex-items, on $3.15 billion in revenue. Robinhood Markets — Shares of the trading platform jumped 9% after the company posted a surprise earnings and revenue beat. Robinhood posted earnings of 3 cents per share, while analysts expected a 1 cent per share loss, according to LSEG.

Persons: Uber, Uber's, Lyft, IQVIA, Charles River, DaVita, FactSet, Robinhood, Zillow, LSEG, bitcoin, Energy rocketed, CleanSpark, Topgolf Callaway, Akamai, Kraft Heinz, Airbnb, CNBC's Hakyung Kim, Alex Harring, Jesse Pound, Pia Singh, Michelle Fox Organizations: Uber Technologies, Inc, IQVIA Holdings, Charles River Laboratories, Revenue, Miners, Energy, Marathon, MGM Resorts, Hasbro Locations: New York City, FactSet, LSEG, China, Macau, U.S, Detroit

☆ Magic: The Gathering is a victim of its own success and could weigh on Hasbro stock, Bank of America says
▼ + stars: | 2023-10-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Hasbro stock plunged 16% after it reported third-quarter earnings that missed analyst estimates. The toy company also lowered its revenue guidance, suggesting a weak holiday quarter ahead. Bank of America downgraded Hasbro to "Neutral" and said its Magic: The Gathering franchise is a victim of its own success. Hasbro stock is down 16% since it reported its earnings results on Thursday, and is down 37% since its early-September high. Bank of America downgraded Hasbro to "Neutral" and slashed its price target from $90 to $53.

Persons: —, Jason Haas, Haas, We're, Tim Kilpin's Organizations: Hasbro, Bank of America, Service, Wizards, Coast, & Dragons

☆ Hasbro, Mattel shares plunge as toymakers forecast a lackluster holiday season
▼ + stars: | 2023-10-26 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Shares of Hasbro and Mattel sank on Thursday, as both toymakers suggested sales will slow in the fourth quarter. The companies face challenges entering the critical fourth quarter, they said as they separately reported third-quarter earnings. Toys and games, products both Hasbro and Mattel are known for, could be on the chopping block this season as consumers watch their spending. Mattel's implied fourth quarter guidance on toy sales offered Wednesday also spooked Wall Street, despite its strong third-quarter results. Hasbro's revenue fell 10% for the quarter compared to the year-ago period, largely driven by decreases in its consumer and entertainment segments.

Persons: Chris Cocks, Mattel's Organizations: Hasbro, Mattel, Citi Research, LSEG, Lionsgate

☆ Hasbro cuts revenue view, joins Mattel to warn of cloudy holiday quarter
▼ + stars: | 2023-10-26 | by ( Savyata Mishra | ) www.reuters.com time to read: +2 min

REUTERS/Andrew Kelly/File photo Acquire Licensing RightsOct 26 (Reuters) - Hasbro (HAS.O) cut its annual revenue forecast for the second time this year on weak toy demand and joined Barbie-maker Mattel to warn of choppy holiday-quarter sales, sending its shares down 12% before the bell. The Monopoly maker expects 2023 revenue to tumble 13% to 15% compared to a prior forecast of a 3% to 6% decline. Its third-quarter revenue and profit also missed market expectations, with revenue from its core toy business dropping 18% as shoppers cut back on non-essential spending. Hasbro saw a 40% surge in digital and licensed gaming revenue on strong demand for its "Monopoly Go" and "Baldur's Gate III" games. Analysts have warned that uncertain holiday spend and softer toy demand could prompt retailers to keep supply tight and offer steep discounts to avoid a pile-up like last year.

Persons: FAO Schwarz, Andrew Kelly, Barbie, Chris Cocks, James Zahn, Savyata Mishra, Arun Koyyur Organizations: Hasbro, Inc, FAO, REUTERS, Mattel, Consumer Products, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

Hasbro's third-quarter revenue performance missed Wall Street's expectations and the company cut its full-year revenue outlook again as signs of a possible industry slowdown in toy sales heading into the holiday season weighs on jittery investors. Holiday shopping is traditionally a critical selling season for toy companies and can comprise a large portion of their annual toy sales. Rival Mattel Inc. had a better third quarter, reporting on Wednesday that its sales rose 9% in the period. Still, experts are pointing to toy industry sales being down for the year to date and the third quarter as a concern. Mattel Chairman and CEO Ynon Kreiz said during a conference call on Wednesday that the company anticipates the global toy industry will experience a mid single-digits decline in toy sales for the full year.

Persons: Barbie, Ynon Kreiz Organizations: Zacks Investment Research, Hasbro, Mattel Inc, Mattel Locations: Pawtucket, Rhode Island

☆ Nike is among the most overbought stocks in the S&P 500. Here are the others
▼ + stars: | 2023-10-20 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

A stock with a 14-day RSI greater than 70 is considered to be overbought and at risk of a pullback. Here are some of the most overbought names: Sports apparel retailer Nike has a 14-day RSI of 81.89, and just under half of analysts covering the stock rate it a buy. Lockheed Martin is another one of the most overbought companies in the S & P 500. The U.S. defense contractor scored a 14-day RSI of 77.69, with a consensus price target implying 6.8% upside. Also on the oversold list is pharmaceutical company Moderna , which has a 14-day RSI reading of 15.5.

Persons: Piper Sandler, Lockheed Martin, Invesco, Jason Haas, Haas, — CNBC's Michael Bloom Organizations: Nike, Dow Jones, CNBC Pro, Insurance, Cardinal Health, Allstate, Humana, Investment, Hasbro, Wall, Bank of America, Monopoly, Moderna, Pfizer, FedEx Locations: U.S, Lowe's

☆ Top Wall Street analysts select these dividend stocks to enhance returns
▼ + stars: | 2023-09-10 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

To that effect, here are five attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. The analyst increased his price target for Verizon stock by $1 to $40, while maintaining AT&T's price target at $17. Also, he expects the prospects for improved free cash flow to lower net debt leverage and support the dividend payments. That said, with expectations of higher cash flow generation, Crum said that "the company should have more flexibility around growing its dividend going forward." (See Hasbro Stock Chart on TipRanks)Dell TechnologiesNext up is Dell (DELL), a maker of IT hardware and infrastructure technology, which rallied after its fiscal second-quarter results far exceeded Wall Street's estimates.

Persons: Hans Vestberg, Brendan McDermid, Wall, Michael Rollins, Rollins, MDT, Rick Wise, Geoff Martha, Wise, Drew Crum, Crum, TipRanks, Amit Daryanani, Daryanani, Dell Organizations: DELL, Verizon, New York Stock Exchange, Analysts, Verizon Communications, Citi, AT, Verizon Hedge, Hasbro, Dell Technologies, Dell, TipRanks, GPU, Walmart, &' $ Locations: New York, U.S

☆ Hasbro sells its eOne film and TV unit
▼ + stars: | 2023-08-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHasbro sells its eOne film and TV unitCNBC's Julia Boorstin joins 'Power Lunch' to discuss Hasbro's decision to sell its film and TV units, the value of intellectual property in the entertainment industry, and Mattel's decision to expand its movie offering following the success of Barbie.

Persons: Julia Boorstin, Barbie Organizations: Hasbro

☆ Bank of America upgrades Hasbro, says new 'Magic: The Gathering' cards will boost earnings
▼ + stars: | 2023-07-31 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Bank of America thinks Hasbro's dominance in the in-person gameplay sector will be on full display when the company reports earnings on Thursday. The bank upgraded the stock to buy from neutral on Monday, and increased its price target to $85 from $68. "We spoke with several local game stores (LGS), distributors, players, and collectors and were encouraged to hear strong excitement and demand for this set," Haas said. "Collector boxes are currently fetching over $400 on the secondary market and TCGplayer, one of the primary online marketplaces for Magic cards, shows nearly 3x more sell-through than the prior Magic set." HAS YTD mountain Hasbro stock has been little changed from the start of 2023.

Persons: Jason Haas, Haas, — CNBC's Michael Bloom Organizations: of America, Hasbro, FactSet

☆ 'Barbie' buzz likely just a flash in the pan for toymaker Mattel
▼ + stars: | 2023-07-24 | by ( Savyata Mishra | ) www.reuters.com time to read: +3 min

July 24 (Reuters) - The fanfare around Margot Robbie-starrer "Barbie" could jolt the iconic Mattel (MAT.O) doll's sales out of a year-long slump, but Wall Street thinks the party in pink will be short-lived. While Mattel will report second-quarter results on Wednesday, days after the theatrical release of the movie, analysts say the boost for Barbie sales will be most pronounced in the quarter ending Sept. 29 before tapering off. Retailers worldwide have also pitched in, with brands from Zara (ITX.MC) to H&M (HMb.ST) and Gap rolling out themed merchandise like Barbie hoodies, perfumes and toothbrushes. But its gross billings - or the amount invoiced to customers - fell behind Hot Wheels in the first quarter of 2023. Mattel's forward 12-month price-to-earnings multiple (P/E), a common benchmark for valuing stocks, is 16.01, higher than 13.6 for Hasbro.

Persons: Margot Robbie, Barbie, Arpiné Kocharyan, Kocharyan, Ryan Gosling, Ken, Warner Bros, Zachary, Carol Osborne, Savyata Mishra, Devika Organizations: Mattel, UBS, Warner, Sunday, Reuters Graphics Reuters, CFRA Research, University of South, Muma College of Business, Hasbro, Thomson Locations: Zara, United States, Canada, Bengaluru

☆ Someone has found what could be the first Magic: The Gathering card worth 7 figures
▼ + stars: | 2023-07-05 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

An incredibly rare Magic: The Gathering card from a new expansion was found on Friday. Instead, it's all to do with Hasbro's trading card game, Magic: The Gathering, which released an expansion this month that crosses over with JRR Tolkien's beloved fantasy series. —Magic: The Gathering (@wizards_magic) June 30, 2023While the search is over, the card's ownership may not be settled. The breakneck pace and high costs of new releases has also been an issue for local game shops that sell Magic: The Gathering cards. In April though, the bank upgraded the stock to "neutral" after earnings showed revenue from the card game surged in the first quarter.

Persons: —, JRR, Francisco Rubio, Adam Martin, Dave, Eric LaGaccia Organizations: Service, Wall Street, Gremio de Dragones, Hasbro, City Comics, Bank of America Locations: Valencia, Spain, Buffalo , New York, Brooklyn

☆ Furby, the bug-eyed, gibberish-talking ’90s toy phenomenon, has been revived — again
▼ + stars: | 2023-06-22 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

Furby, the ’90s toy phenomenon that divided kids and parents into opposing camps when it first hit stores and quickly became a craze, is making yet another comeback. The latest iteration of the animatronic toy launched on Amazon Thursday and rolls into stores nationwide on July 15 after a nearly 10-year gap. Still, Hasbro said it sold more than 40 million Furby toys globally in the first three years after they launched. In 2016, Hasbro launched Furby Connect, a version of the toy that incorporated Bluetooth for content upgrades via an app and an off button. “There’s a saying in the toy industry that what’s old is new again,” he said.

Persons: New York CNN —, Furby, pats, ”, Kristin McKay, Gen Alpha, —, Jim Silver, “ Furby, Silver, “, Barney Organizations: New, New York CNN, Hasbro, Amazon, Alpha, Hasbro Hasbro, Furby Locations: New York

☆ Hasbro, Mattel shares rise as toymakers announce multiyear licensing agreement, increased IP focus
▼ + stars: | 2023-04-27 | by ( Natasha Piñon | ) www.cnbc.com time to read: +5 min

Barbie maker Mattel posted first-quarter results after markets closed on Wednesday that beat revenue expectations but fell short of expectations on the bottom line. Other toy stocks, including Hasbro competitor Mattel and pop culture consumer company Funko , also jumped on Thursday. Toymaker stocks rallied Thursday after rivals Hasbro and Mattel posted quarterly results and offered optimistic comments about how their intellectual property will boost their businesses. Amid the challenging toy and game market, both Hasbro and Mattel are eyeing a future increasingly focused on intellectual property. Hasbro's "Transformers: Rise of the Beasts" from Paramount is slated for a June 9 release, while Mattel's much-hyped "Barbie" movie from Warner Bros. is scheduled for a July 21 release.

☆ Hasbro revenue beats as gaming boost offsets slowing demand for toys
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] The Hasbro, Inc. logo is seen on a toy for sale in a store in Manhattan, New York, U.S., November 16, 2021. REUTERS/Andrew KellyApril 27 (Reuters) - Hasbro Inc (HAS.O) topped Wall Street expectations for quarterly revenue on Thursday as players snapped up its "Magic: The Gathering" game sets, helping counter slowing demand for its toys and action figures. Hasbro is also banking on the August release of "Baldur's Gate 3" video game to boost gaming revenue in the third quarter. In contrast, rival Mattel Inc (MAT.O) on Wednesday posted a bigger-than-expected quarterly loss, pinched by retailers trimming orders for its Barbie and Hot Wheels toys. Hasbro reported net revenue of $1.00 billion in the first quarter, down 14% from a year earlier, but better than analysts' estimates of $878.4 million, according to Refinitiv IBES data.

Search resuls for: "Hasbro's"

25 mentions found