Hasbro Inc. reported financial results for the third quarter 2017. Highlights include net revenues for the third quarter 2017 increasing 7 percent to $1.79 billion versus $1.68 billion in 2016. Third quarter 2017 revenues include a favorable $29.6 million impact from foreign exchange. Net earnings for the third quarter 2017 increased 3 percent to $265.6 million compared to $257.8 million in 2016. 

Third quarter 2017 franchise brand revenues increased 7 percent to $827.3 million driven by revenue growth in Nerf, Transformers, My Little Pony, and Monopoly. Partner brand revenues decreased 2 percent to $485.7 million. Beyblade, Star Wars, Disney Descendants, and Sesame Street posted revenue gains in the quarter.

Hasbro Gaming revenues grew 22 percent to $280.1 million driven by Hasbro’s diverse gaming portfolio, including face-to-face and digital gaming. New social games drove significant growth, including Speak Out and Fantastic Gymnastics along with revenue growth in several other games brands. Hasbro Gaming revenue grew in the U.S. and Canada and International segments. Hasbro’s total gaming category grew 4 percent to $424.8 million, including revenue growth from Monopoly and an expected decline in Magic: The Gathering.

Emerging Brands revenue increased 9 percent to $198.3 million, driven primarily by growth in Baby Alive and Furreal Friends.

About the author

Maddie Michalik

Maddie Michalik

Maddie Michalik was the Editor-in-Chief of The Toy Book from 2020-2022. She was also a Senior Editor at The Toy Insider and The Pop Insider.

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