The Hasbro Q3 2024 financial earnings report has been released. The report by one of the world’s largest toy and game companies cites a decline in revenue alongside growth with their tabletop properties, specifically the new Magic: The Gathering set and the new Dungeons & Dragons 2024 books.
The Hasbro Q3 2024 Report
According to the Hasbro Q3 2024 report, the company’s revenue decline 15%. Excluding the divestiture of their film company eOne which produced the recent Dungeons & Dragons movie, that revenue decline becomes 9%.
As for Wizards of the Coast and Digital Gaming, their revenue declined 5% due to the launch of Baldur’s Gate 3 in the third quarter of 2023 as part of Licensed Gaming.
But this doesn’t mean Hasbro has lost money. In fact, Magic: The Gathering is marked as a standout in growth for this financial quarter, lead by the release of the Bloomburrow and Duskmourn sets and set to grow with the recently announced licensed Marvel cards.
The wildly popular card game’s revenue has increased 3% behind growth in both tabletop and the digital platform Magic: The Gathering Arena.
As for Dungeons & Dragons, the Hasbro Q3 2024 report states the 2024 Player’s Handbook is the fastest selling product in the fantasy TTRPG’s 50-year history, beating plan by over 50%. This, combined with ongoing support for D&D Beyond has lead to more than 19 million registered users on the digital platform alongside 60% increase in revenue.
Before this earnings report went live, Hasbro announced sweeping organizational changes. This “operational streamlining” of their staff included laying off 100 employees. Among those employees were four from Wizards of the Coast, including creator relations manager Dixon Dubow.
Overall, Hasbro has reported a year to date operating profit of $630 million with a $98 million dividend payout to their shareholders.
