Filing Flows › Hasbro (HAS) › Q1 2025
Hasbro (HAS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Hasbro (HAS) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), +15% from a year earlier and -41% from the quarter before. Operating margin was 17.0%, net earnings $98.6M (9.8% of revenue).
Hasbro, Q1 2025: revenue $1.0B (+15% year over year), operating margin 17.0%, net earnings $98.6M, operating cash flow $138M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | -41% | +15% |
| Operating profit | $171M | +185% | +47% |
| Net earnings | $98.6M | — | +69% |
| Operating cash flow | $138M | -47% | -22% |
| Free cash flow | $124M | -61% | -20% |
What changed
Revenue was $1.0B in Q1 2025, up 15% year over year and down 41% from the previous quarter. Grow Brands was the largest line at 65% of revenue. Grow Brands added $0.13B year over year (up 25%), 98% of the total change. Optimize Brands declined 7%.
Operating profit was $0.17B, a 17.0% margin (up 3.6 points year over year). Of the extra revenue versus a year earlier, 41% reached operating profit, above the 13% margin then. Total costs grew 11% against revenue growth of 15%. The fastest-growing cost line was Research & development (+23%). Net earnings were $0.10B, up 69% year over year. The effective tax rate was 27.2%.
Operating cash flow was $0.14B (down 22% year over year), 139% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.01B. Capital expenditures of $0.01B left free cash flow of $0.12B.
Questions
What was Hasbro's revenue in the first quarter 2025?
Hasbro (HAS) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), +15% from a year earlier and -41% from the quarter before.
Was Hasbro profitable in the first quarter 2025?
Operating profit was $171M (17.0% of revenue) and net earnings $98.6M.
Source: Hasbro 10-Q on SEC EDGAR.