Welcome to our dedicated page for Hasbro news (Ticker: HAS), a resource for investors and traders seeking the latest updates and insights on Hasbro stock.
Hasbro Inc (HAS) delivers innovative play experiences through iconic brands spanning toys, digital gaming, and entertainment. This news hub provides investors and industry observers with centralized access to official announcements and market-moving developments.
Track comprehensive coverage of earnings reports, product launches, licensing agreements, and strategic initiatives that shape Hasbro's position in the global play industry. Our curated collection includes press releases on brand expansions, partnership announcements, and updates from Hasbro's entertainment divisions.
Discover timely updates across key business segments including toy manufacturing innovations, media franchise developments, and digital gaming integrations. The repository serves as an essential resource for monitoring the company's adaptation to evolving consumer trends and market conditions.
Bookmark this page for streamlined access to Hasbro's financial communications, leadership updates, and brand portfolio expansions. Stay informed about the company's cross-platform storytelling strategies and their impact on long-term growth prospects.
Hasbro, Inc. (NASDAQ: HAS) has successfully finalized the sale of its Entertainment One Music division to Blackstone for $385 million in cash. This strategic move aims to streamline operations, with the music group now led by Chris Taylor focusing on a creator-first brand. Hasbro plans to utilize the proceeds to accelerate deleveraging and for general corporate purposes. The transaction was advised by J.P. Morgan, with legal support from multiple law firms. The deal marks a significant step for Hasbro as it seeks to enhance financial stability.
Wizards of the Coast, a division of Hasbro (NASDAQ: HAS), announced the launch of DARK ALLIANCE, a four-player co-op action game, now available on multiple platforms including Steam, PlayStation, Xbox, and Xbox Game Pass. Priced at $39.99 digitally, the game features real-time combat and beloved Dungeons & Dragons characters battling iconic monsters. An exclusive Steelbook edition is available for $59.99. The game aims to enhance the D&D experience for players and includes cross-platform upgrades for console users.
Hasbro, Inc. (NASDAQ: HAS) will participate in a fireside chat hosted by Berenberg Capital Markets on June 8, 2021, at 10:15 AM Eastern. CEO Brian Goldner and CFO Deborah Thomas will lead the discussion, which is subject to schedule changes. Investors can access a live webcast on Hasbro's Investor Relations webpage, with an archived presentation available afterward. Hasbro is a leading global play and entertainment company known for brands like MAGIC: THE GATHERING, TRANSFORMERS, and DUNGEONS & DRAGONS.
Hasbro, Inc. (NASDAQ: HAS) has declared a quarterly cash dividend of $0.68 per common share, set to be paid on August 16, 2021. Shareholders of record as of August 2, 2021 will be eligible for this payment. This announcement underscores Hasbro's commitment to returning value to its shareholders while continuing to engage audiences through its vast portfolio of approximately 1,500 brands, including MAGIC: THE GATHERING, TRANSFORMERS, and DUNGEONS & DRAGONS.
Hasbro (NASDAQ: HAS) announces participation in the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 24, 2021, at 9:30 AM Eastern. Executives Brian Goldner, Deborah Thomas, and Darren Throop will represent the company. The presentation will be streamed live on Hasbro's Investor Relations page, with an archived version available for 90 days post-event. Hasbro, a leader in global entertainment, reaches audiences through brands like MAGIC: THE GATHERING and TRANSFORMERS, and has been recognized for its commitment to corporate citizenship.
Hasbro reported Q1 2021 financial results showing net revenues of $1.11 billion, a 1% increase from Q1 2020. The operating profit surged to $147.3 million, compared to a loss of $23.3 million last year. Net earnings reached $116.2 million, a significant turnaround from a loss of $69.7 million. The company's cash position improved to $1.43 billion after retiring $300 million in debt. The Consumer Products segment led growth with a 14% revenue rise, while Entertainment faced a 32% decline. Hasbro targets double-digit revenue growth for the full year.
Hasbro (NASDAQ: HAS) has finalized an agreement to sell its subsidiary, Entertainment One Music, for US$385 million in cash. The deal, approved by both Hasbro and Entertainment One Canada Limited, awaits customary closing conditions and regulatory approvals. eOne Music will operate independently under Chris Taylor post-sale. Proceeds will be used for debt reduction and corporate purposes. The transaction is projected to close in the second or third quarter of 2021.
Hasbro (NASDAQ: HAS) has partnered with Roblox Corporation (NYSE: RBLX) to launch a new line of NERF blasters based on popular Roblox games like ADOPT ME! and JAILBREAK, set to hit U.S. stores this Fall. Additionally, a Roblox-themed MONOPOLY board game is now available for pre-order at $19.99. Each product includes redeemable codes for virtual items within the Roblox platform, enhancing the consumer experience. This collaboration aims to merge the physical and digital play experiences for fans aged 16 and older in the U.S. and Canada.
Hasbro, Inc. (NASDAQ: HAS) will host a webcast for its Q1 2021 earnings conference call on April 27, 2021, at 8:30 a.m. ET. Financial results will be released prior to the call. The webcast will be accessible on Hasbro's Investor Relations website, where certain financial metrics required by Regulation G will also be available. A replay of the call will be posted approximately two hours after the event concludes. As a leader in global play and entertainment, Hasbro's portfolio includes popular brands like MAGIC: THE GATHERING and TRANSFORMERS.
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