Hasbro's Q1 profit doubles to $198.4M on Magic: The Gathering sales
Hasbro's net earnings surged to $198.4 million in the first quarter, more than doubling from $98.6 million a year earlier, driven by strong sales of Magic: The Gathering trading cards. The company's revenue exceeded $1 billion, propelled by the card game's performance. Hasbro, a major toy and game manufacturer, reported these results for the quarter ending March 31, 2025. The earnings beat analyst expectations, highlighting the continued strength of the collectible card game market.
Key facts
- Hasbro's net earnings reached $198.4 million in Q1 2025.
- Earnings more than doubled from $98.6 million in Q1 2024.
- Revenue surpassed $1 billion.
- Magic: The Gathering card game sales were the primary driver.
- The company is a major toy and game manufacturer.
- Results were reported for the first quarter of 2025.
- Earnings exceeded analyst expectations.
- The collectible card game market remains strong.
Entities
Institutions
- Hasbro
Sources
- Quartz —