Hasbro beats second-quarter estimates, goes 'all in' on digital gaming segment
Publishing timestamp: 2024-07-25 12:30:28
Summary
Hasbro beat Wall Street expectations for the second quarter, with significant gains in net income thanks to growth in its digital gaming segment. The company is focusing on digital gaming and saw a 20% revenue growth in Wizards of Coast and digital gaming. Despite overall revenue decline, Hasbro is optimistic about its digital gaming portfolio and expects further revenue declines for the full year.
Sentiment: POSITIVE
Tickers: HAS,
Keywords: breaking news: business, entertainment, business news, hasbro inc, retail industry, breaking news: earnings, earnings,
Source: https://www.cnbc.com/2024/07/25/hasbro-has-earnings-q2-2024.html