{"id":451092,"date":"2026-05-20T11:40:10","date_gmt":"2026-05-20T11:40:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/451092\/"},"modified":"2026-05-20T11:40:10","modified_gmt":"2026-05-20T11:40:10","slug":"hasbro-beats-quarterly-estimates-on-strong-demand-for-its-digital-games","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/451092\/","title":{"rendered":"Hasbro beats quarterly estimates on strong demand for its digital games"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">May 20 (Reuters) &#8211; Hasbro on Wednesday reported first-quarter revenue and profit above estimates, aided by strong demand for its \u200cdigital games such as &#8220;Magic: The Gathering&#8221;, after a cybersecurity \u200cincident pushed back its results.<\/p>\n<p class=\"yf-1fy9kyt\">The Play-Doh maker had forecast its preliminary first-quarter results \u200blast month after identifying unauthorized access to its network in late March. Hasbro had also released unaudited quarterly results in a regulatory filing last week.<\/p>\n<p class=\"yf-1fy9kyt\">Strength in the company&#8217;s digital gaming business has helped it counter \u200csoftened demand for traditional \u2060toys due to lower consumer spending on non-essentials amid high living costs.<\/p>\n<p class=\"yf-1fy9kyt\">Quarterly revenue in its Wizards of the \u2060Coast and Digital Gaming segment rose about 26%. It had risen 46% in the year-ago quarter.<\/p>\n<p class=\"yf-1fy9kyt\">Partnerships with popular online shows and films, \u200bincluding the \u200btie-up with <a href=\"https:\/\/tech.yahoo.com\/streaming\/review\/netflix-review-142822267.html\" data-ylk=\"slk:Netflix;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Netflix&quot;}\" class=\"link  yahoo-link\" rel=\"nofollow noopener\" target=\"_blank\">Netflix<\/a> to make \u200btoys and card games linked \u200cto the popular &#8220;K-Pop Demon Hunters&#8221; movie, also helped boost sales.<\/p>\n<p class=\"yf-1fy9kyt\">The company reported quarterly revenue of $1 billion, compared with analysts&#8217; average estimate of $964.38 million, according to data compiled by LSEG.<\/p>\n<p class=\"yf-1fy9kyt\">It had forecast preliminary sales between $970 million and $985 million on April 23.<\/p>\n<p class=\"yf-1fy9kyt\">Hasbro also reported adjusted earnings \u200cper share of $1.47, beating analysts&#8217; estimate \u200bof $1.13, helped by the strong demand as \u200bwell as cost-saving initiatives.<\/p>\n<p class=\"yf-1fy9kyt\">The \u200bcompany, which sources roughly half of its U.S. \u200cmerchandise from countries such as China, \u200bVietnam, India and \u200bJapan, said it recorded $8.3 million in U.S. import tariff costs, and said that it is evaluating means to obtain refunds \u200bfollowing the Supreme \u200cCourt ruling against the duties.<\/p>\n<p class=\"yf-1fy9kyt\">Hasbro reaffirmed its annual forecast \u200bfrom February.<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by Koyena Das and Neil J Kanatt \u200bin Bengaluru; Editing by Devika Syamnath)<\/p>\n","protected":false},"excerpt":{"rendered":"May 20 (Reuters) &#8211; Hasbro on Wednesday reported first-quarter revenue and profit above estimates, aided by strong demand&hellip;\n","protected":false},"author":2,"featured_media":451093,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,161971,60926,85,46,42981,83599],"class_list":["post-451092","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-digital-games","tag-hasbro","tag-il","tag-israel","tag-magic-the-gathering","tag-quarterly-revenue"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/451092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=451092"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/451092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/451093"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=451092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=451092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=451092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}