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Hasbro beats second-quarter estimates, goes ‘all in' on digital gaming segment

·1 min

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Toy Company Hasbro Beats Expectations with Q2 Earnings, Driven by Digital Gaming Growth

Toy company Hasbro exceeded Wall Street expectations for Q2, with strong performance in its digital gaming segment. Hasbro reported a net income of $138.5 million, a significant improvement from a net loss of $234.9 million in the same quarter last year. The company’s digital gaming division, including Wizards of the Coast, saw a revenue increase of 20%, offsetting declines in other sectors. CEO Chris Cocks emphasized Hasbro’s commitment to digital gaming, projecting further revenue declines for the year but aiming for cost savings of $750 million by 2025.