The toy company provides little commentary in its Q2 earnings report this morning, including on its progress with kids channel The Hub (which it co-owns with Discovery) or movie licensing efforts. Hasbro delivered net earnings of $43.4M, -25.2% vs the same period last year, on revenues of $811.5M, -10.7%.The revenue figure fell short of the $830.1M that analysts expected. But earnings at 33 cents a share were well ahead of the forecasts for 23 cents. Last year’s Q2 was helped by sales of toys tied to Paramount’s Transformers: Dark Of The Moon. Without that boost, sales to boys — the biggest product category — dropped 16% to $389.1M. Still, revenues at the Entertainment and Licensing operation which includes The Hub were up 59% to $43.2M with an operating profit of $8.2M, up from $0.6M. Hasbro’s television programming efforts are “creating demand for our toys and games in global markets,” CEO Brian Goldner says. The company urged investors to look ahead to its plans to sell games in the holiday season.
Hasbro Q2 Earnings Down But With Strong Growth In Entertainment
What's Hot on Deadline
Sony Pictures Confirms Quentin Tarantino Deal; Margot Robbie, Tom Cruise, Brad Pitt, Leonardo DiCaprio Circling
Jeffrey Tambor Accused By 'Transparent' Actress Of Sexual Harassment; Actor Admits "Flaws," Says "Misinterpreted"
'The Royals' Female Cast & Crew Members Speak Out, Accuse Showrunner Mark Schwahn Of Sexual Harassment
Latest Film News
- Warner Bros Launches China Exchange Program With Casting, Management Focus
- Adam McKay Reteams With Composer Nicholas Britell On Two Projects
- Ben Affleck Calls Harvey Weinstein “Sleazy”, Admires Rose McGowan
- Sony Pictures Confirms Quentin Tarantino Deal; Margot Robbie, Tom Cruise, Brad Pitt, Leonardo DiCaprio Circling
- Ryan Eggold, Who Played Fan Favorite Tom Keen In ‘The Blacklist,’ Joins Spike Lee’s ‘Black Klansman…
- Monty Python's ‘Life of Brian’ Scores Theatrical Release With Trafalgar Deal