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(Sharecast News) - US toy manufacturer Hasbro said on Tuesday that it swung to a profit in the fourth quarter as revenue rose thanks to a standout performance from the Wizards of the Coast and digital gaming segment.
Fourth-quarter net earnings came in at $201.6m, versus a loss of $34.3m in the same period a year earlier, with revenue up 31% to $1.45bn. Wizards and digital gaming revenue surged 86% and consumer products rose 7%, partially offset by a decline in the entertainment arm, where revenues fell 5%.
For the full year, revenue jumped 14% driven, by record 45% growth in the Wizards of the Coast and digital gaming segment, while the consumer products and entertainments units saw declines of 4%.
Chief executive Chris Cocks said: "We returned the company to growth, engaged one billion fans, secured new partnerships, and made progress in our evolution into a digital-first play and IP company. We expect that momentum to carry into 2026."
Chief financial officer and chief operating officer Gina Goetter said: "2025 reflected strong operational execution, driven by progress on our transformation and cost savings initiatives. Wizards was a standout, anchored by record MAGIC revenue.
"Looking ahead, we will continue to balance investment in the business with shareholder returns, including through a $1.0 billion share repurchase program."
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