Hasbro Q2 net loss of $855.8 million on $1.0 billion impairment; raises 2025 outlook
Hasbro reported second-quarter 2025 revenue of $980.8 million, down 1% from a year earlier, and a net loss attributable to Hasbro of $855.8 million, or $6.10 per share, driven by a $1,021.9 million non-cash goodwill impairment in its Consumer Products segment that the company tied to tariffs. Adjusted net earnings were $1.30 per diluted share, up $0.08, and the company raised its full-year adjusted EBITDA guidance to $1.17 billion to $1.20 billion from $1.1 billion to $1.15 billion. The large charge sharply reduced shareholders' equity, which stood at $269.7 million at June 29, 2025.
Key points
- Q2 revenue was $980.8 million, down 1%; MAGIC: THE GATHERING revenue rose 23% to $412.0 million.
- Net loss was $855.8 million, or $6.10 per share, including a $1,021.9 million goodwill impairment.
- Adjusted net earnings were $1.30 per diluted share, an $0.08 improvement year over year.
- Full-year adjusted EBITDA guidance was raised to $1.17 billion to $1.20 billion; a $0.70 quarterly dividend is payable September 3, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits 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 July 23, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.