Hasbro Inc (NASDAQ:HAS) on Thursday announced better than expected financial results for its third quarter 2025, while also raising its annual revenue and core profit forecasts on a rosier outlook for its holiday season sales and better digital gaming demand.
The toymaker’s revenue for the period increased 8% year over year to $1.39 billion, boosted by a 42% improvement in its Wizards of the Coast and Digital Gaming segment sales.
Hasbro’s top-line results surpassed the analyst consensus estimate of $1.34 billion, according to data compiled by LSEG.
The company also posted earnings per share for the quarter of $1.68, better than the Wall Street forecast of $1.63.
“Hasbro delivered another quarter of growth, highlighting the strength of our brands and Playing to Win strategy,” Hasbro CEO Chris Cocks said in a statement.
“Consumer Products point of sale and market share accelerated ahead of the holiday, and our high-margin licensing business is unlocking new opportunities.”
The company also raised its outlook for fiscal 2025, now expecting revenue to grow by high single digits, up from its earlier forecast of mid-single-digit growth.
As well, it expects its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to be between $1.24 billion and $1.26 billion, compared with the previous range of $1.17 billion to $1.2 billion.
Hasbro shares fell about 2% in pre-market trading on Thursday.