Hasbro Q3 revenue falls 15% to $1.28 billion; GAAP net earnings $223 million
Hasbro reported third-quarter 2024 revenue of $1,281.3 million, down 15% from a year earlier, while GAAP net earnings were $223.2 million versus a loss of $171.1 million in the prior-year quarter, which included a $473 million loss on disposal of a business. Adjusted operating profit fell $14 million to $329 million, and the company kept its full-year Adjusted EBITDA guidance of $975 million to $1.025 billion.
Key points
- Net revenues were $1,281.3 million, down 15%; excluding the eOne divestiture, revenue declined 9%.
- Diluted EPS was $1.59 versus a loss of $1.23 a year earlier; adjusted diluted EPS was $1.73.
- Adjusted operating profit was $329 million, down $14 million from the prior year, with adjusted operating margin of 25.7%.
- Quarterly cash dividend of $0.70 per share is payable December 4, 2024, to holders of record on November 20, 2024.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 24, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.