What's Behind Hasbro's $90M Boost? This Game With Full Nudity (And Romance With A Bear) Could Hold The Answer
Portfolio Pulse from Franca Quarneti
Hasbro Inc (NASDAQ:HAS) reported a $90 million revenue boost from Baldur's Gate 3, a game developed by Larian Studios, under a licensing deal. Despite this success, Hasbro faces a 15% revenue decline and a $1.5 billion loss in 2023, with layoffs of 6,500 workers. The company aims for significant profit growth in 2024 and innovation momentum by 2025, but expects a 3%-5% revenue decrease in Wizards' segment due to the high growth baseline set by Baldur's Gate 3 and other ventures.
February 15, 2024 | 12:24 am
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Hasbro Inc reported significant revenue from Baldur's Gate 3 but faces overall financial challenges with a 15% revenue decline and a $1.5 billion loss in 2023.
The revenue boost from Baldur's Gate 3 is overshadowed by Hasbro's overall financial decline and significant loss in 2023. The layoffs and strategic changes indicate a challenging short-term outlook, likely affecting investor confidence and stock performance negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100