Investing.com -- Hasbro, Inc. saw its shares jump over 6% after the toy and game maker reported first-quarter 2025 results that exceeded analyst expectations, driven by strong performance in its Wizards of the Coast and Digital Gaming segment.
The company posted adjusted earnings per share of $1.04, surpassing the analyst estimate of $0.69. Revenue for the quarter came in at $887.1 million, significantly beating the consensus estimate of $771.15 million and representing a 17% increase YoY.
Hasbro (NASDAQ:HAS)’s Wizards of the Coast and Digital Gaming segment was the best performer, with revenue surging 46% YoY. This growth was primarily fueled by strong sales of MAGIC: THE GATHERING, which saw a 45% revenue increase across both tabletop and digital formats. The segment’s operating profit jumped 87%, with operating margin expanding by 11 percentage points to 49.8%.
The Consumer Products segment saw a 4% revenue decline, which was better than expected. Despite this, the segment showed growth across key brands including Marvel, Beyblade, Transformers, and Monopoly.
"Hasbro’s Playing to Win strategy is delivering in a challenging environment. We’re outperforming today and building for tomorrow through disciplined execution, standout partnerships like our extended Disney (NYSE:DIS) agreement, and future-focused bets that are already paying off," said Chris Cocks, Hasbro Chief Executive Officer.
The company maintained its full-year 2025 guidance, citing uncertainty in the current tariff environment. Hasbro also declared a quarterly cash dividend of $0.70 per common share, payable on June 4, 2025.