Hasbro reports Q2 earnings beat, digital gaming revenues up 20%, adjusted EBITDA 57.8% higher with 60%+ revenue from 13+ consumers.

Toy company Hasbro reported better-than-expected second-quarter earnings, despite a 18% year-on-year decline in sales to $995.3m. The company's digital gaming revenues increased by 20%, contributing to a 57.8% jump in adjusted EBITDA to $313.5m. Hasbro's CEO, Chris Cocks, emphasized the company's commitment to becoming more of a digital gaming company, with sales to consumers aged 13 and older accounting for over 60% of its revenue.

July 25, 2024
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