Hasbro Q2 revenue of US$860 million and net loss of US$33.92 million

by:Ennas      2022-01-20
Zhitong Finance APP learned that Hasbro (HAS.US) will announce its second-quarter earnings before the market on July 27 (Monday). Hasbro (HAS.US) Q2 revenue was US$860 million, compared to US$985 million in the same period last year; the net loss attributable to Hasbro was US$33.915 million, and the net profit of the same period last year was US$13.433 million. In the past two years, Hasbro exceeded earnings per share expectations 63% of the time, and exceeded expected revenue 38% of the time. In the past 3 months, earnings per share expectations have been adjusted 0 times and 14 times lower. Expected revenue has been adjusted 0 times and 14 times lower. Last year, US toy manufacturer Hasbro (HAS.US) will acquire Entertainment One for approximately US$4 billion in cash. This means that the popular Peppa Pig brand will be included under Hasbro. According to media reports, the acquisition will strengthen Hasbro’s brand for the preschool market, optimize the company’s brand portfolio, and greatly improve the company’s media content creation and program production capabilities, and enhance the company’s IP in television, film and other media. The exposure rate of the channel. Hasbro’s CEO Brian Goldner said: Hasbro will use Entertainment One’s immersive entertainment features to help our brand attract gamers, fans and families. Hasbro said that by 2022, its annual operating synergies will be approximately US$130 million, thanks to the reduction in the cost of Entertainment One's toy business and the increase in profitability with franchising and sales activities. Hasbro emphasized that by adding Entertainment One's family brand, excellent film and television expertise, and senior executive team, it will accelerate the company's brand blueprint strategy and improve the company's growth prospects and long-term profitability. In addition, Hasbro said that this transaction will include the preschool brand Peppa Pig, which is loved by children around the world, and will strengthen the company’s strong brand portfolio, and will also greatly improve the company’s storytelling capabilities, as well as TV and movies. And other media franchise capabilities. Hasbro is an American multinational toy and board game company headquartered in Potucket, Rhode Island. Famous products include Monopoly, Dungeons and Dragons, Transformers, etc. During the epidemic, Hasbro conducted a live broadcast on Tmall flagship store at 8 pm on April 13. The product released was the Transformers Master series MPM-10 Starscream, and the price reached 1799 yuan. In addition, the person in charge of Hasbro said that when consumers stay at home, there is a strong demand for the company's game real estate tycoon (Monopoly), Operation, and plasticine toy Perot. Source: Zhitong Finance, U.S. stocks, Sina Finance
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