Filing Flows › Hasbro (HAS) › Q2 2025
Hasbro (HAS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Hasbro (HAS) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), -0.7% from a year earlier and +13% from the quarter before. Operating margin was -70.4%, net loss $855M (75.4% of revenue).
Hasbro, Q2 2025: revenue $1.1B (-0.7% year over year), operating margin -70.4%, net loss $855M, operating cash flow $71.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +13% | -0.7% |
| Operating profit | −$798M | -568% | — |
| Net earnings | −$855M | -967% | — |
| Operating cash flow | $71.3M | -48% | -62% |
| Free cash flow | $55.2M | -56% | -65% |
What changed
Revenue was $1.1B in Q2 2025, down 1% year over year and up 13% from the previous quarter. Grow Brands was the largest line at 65% of revenue. Reinvent Brands lost $0.03B year over year (down 26%), 396% of the total change.
Operating costs exceeded revenue by $0.80B, an operating margin of -70.4%. Total costs grew 108% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+344%). The quarter ended with a net loss of $0.85B, after a profit of $0.10B the previous quarter.
Operating cash flow was $0.07B (down 62% year over year). Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.88B. Capital expenditures of $0.02B left free cash flow of $0.06B.
Questions
What was Hasbro's revenue in the second quarter 2025?
Hasbro (HAS) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), -0.7% from a year earlier and +13% from the quarter before.
Was Hasbro profitable in the second quarter 2025?
Operating loss was $798M (-70.4% of revenue) and net loss $855M.
Source: Hasbro 10-Q on SEC EDGAR.