Filing Flows › Hasbro (HAS) › Q3 2025
Hasbro (HAS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Hasbro (HAS) reported revenue of $1.6B for the third quarter 2025 (Q3 2025), +8% from a year earlier and +40% from the quarter before. Operating margin was 21.5%, net earnings $234M (14.7% of revenue).
Hasbro, Q3 2025: revenue $1.6B (+8% year over year), operating margin 21.5%, net earnings $234M, operating cash flow $281M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +40% | +8% |
| Operating profit | $341M | — | +13% |
| Net earnings | $234M | — | +5% |
| Operating cash flow | $281M | +294% | +26% |
| Free cash flow | $261M | +373% | +28% |
What changed
Revenue was $1.6B in Q3 2025, up 8% year over year and up 40% from the previous quarter. Grow Brands was the largest line at 63% of revenue. Grow Brands added $0.17B year over year (up 20%), 140% of the total change. Reinvent Brands declined 27%.
Operating profit was $0.34B, a 21.5% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, above the 21% margin then. Total costs grew 7% against revenue growth of 8%. The fastest-growing cost line was Research & development (+28%). Net earnings were $0.23B, up 4% year over year. The effective tax rate was 23.4%.
Operating cash flow was $0.28B (up 26% year over year), 120% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.02B. Capital expenditures of $0.02B left free cash flow of $0.26B.
Questions
What was Hasbro's revenue in the third quarter 2025?
Hasbro (HAS) reported revenue of $1.6B for the third quarter 2025 (Q3 2025), +8% from a year earlier and +40% from the quarter before.
Was Hasbro profitable in the third quarter 2025?
Operating profit was $341M (21.5% of revenue) and net earnings $234M.
Source: Hasbro 10-Q on SEC EDGAR.