Tue Sep 10 17:07:54 UTC 2024: ## Hasbro Sees Growth in Digital Play, Forecasts Strong 2025

**Pawtucket, RI** – Hasbro, the toy giant, outlined an ambitious growth strategy focused on digital expansion and partnerships at the Goldman Communacopia Conference on Tuesday. CEO Chris Cocks highlighted the company’s “ten-year lead” in digital play, predicting a significant shift towards PC console gaming and emphasizing the potential of their mobile game “Monopoly Go” as a long-term revenue generator.

Hasbro also unveiled “Exodus,” a new sci-fi action-adventure role-playing game. While digital play is a major focus, the company still expects year-over-year growth in the traditional toy business by 2025 as its transformation takes hold.

Financially, Hasbro anticipates margin dips for its Wizards business in the latter half of 2023 due to comparisons with the previous year. However, consumer product margins are expected to improve due to better inventory management. The company is confident in achieving a 20% margin by 2025.

Looking ahead, Hasbro aims to reach one in five consumers in the coming years, with a particular focus on emerging markets. The company reported a strong inventory position heading into the holiday season and expressed optimism regarding the back-to-school season. AI is also being implemented in Hasbro’s development process.

Hasbro shares have risen 32% year-to-date, and the Seeking Alpha Quant Rating on the company is a Strong Buy. The dividend yield for new buyers is currently 4.14%.

Read More