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Hasbro profit beats Wall Street estimate

Started by Rhymer88, July 25, 2024, 08:28:49 AM

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Rhymer88

July 25, 2024, 08:28:49 AM
Although revenues are down, profits are up at Hasbro, mainly due to digital gaming. I don't think that Baldur's Gate 3 still contributes a large amount to sales, but Monopoly Go and Modern Horizons probably do. This certainly explains why WotC wants to go fully digital.
https://www.msn.com/en-us/money/markets/hasbro-profit-beats-wall-street-estimate-as-digital-gaming-business-grows/ar-BB1qBFrc?ocid=finance-verthp-feeds&ad=dirN&prod=HP&cmpgn=jan21&annot=false&sameTabLaunch=false&o=APN12179&installSource=client&browser=FireFox&darkMode=false&lang=en_us&ueid=6761B8D3-4679-43A2-A8D9-5EFDEBE5CAD0&doi=2021-03-25

BoxCrayonTales

#1
July 25, 2024, 09:29:19 AM
Oh joy. Here I was hoping they'd go bankrupt and be purchased by someone who actually cares about the mountain of unused IPs they own.

Jaeger

#2
July 25, 2024, 12:01:50 PM
Quote from: BoxCrayonTales on July 25, 2024, 09:29:19 AMOh joy. Here I was hoping they'd go bankrupt and be purchased by someone who actually cares about the mountain of unused IPs they own.

All they need is 1-3 of their IP to "hit" digitally, and they'll just shelve anything else that doesn't "perform".

They like the Big Bang for the buck that digital promises...
"The envious are not satisfied with equality; they secretly yearn for superiority and revenge."

The select quote function is your friend: Right-Click and Highlight the text you want to quote. The - Quote Selected Text - button appears. You're welcome.

Banjo Destructo

#3
July 25, 2024, 12:18:39 PM
Quote from: BoxCrayonTales on July 25, 2024, 09:29:19 AMOh joy. Here I was hoping they'd go bankrupt and be purchased by someone who actually cares about the mountain of unused IPs they own.
I dunno, I still only have animosity towards WoTC, I don't have it against Hasbro. WoTC could lose money and Hasbro could be making money with other stuff.  But oh well.

honeydipperdavid

#4
July 25, 2024, 04:08:36 PM
Most players would rather play with miniatures at a table than over a VTT.  D&D will continue to downward trend because they abandoned hobby shops and adventurers league cutting down on their recruitment funnel.  Hasbro will have to create television commercials and digital ads now to draw in new D&D players and I don't believe WotC realized this.  They think the players just appear out of nowhere.

Omega

#5
July 25, 2024, 07:46:53 PM Last Edit: July 26, 2024, 02:33:42 PM by Omega
Quote from: BoxCrayonTales on July 25, 2024, 09:29:19 AMOh joy. Here I was hoping they'd go bankrupt and be purchased by someone who actually cares about the mountain of unused IPs they own.

That would never happen. Whomever bought up D&D would ruin it.

GeekyBugle

#6
July 25, 2024, 09:04:09 PM
Quote from: BoxCrayonTales on July 25, 2024, 09:29:19 AMOh joy. Here I was hoping they'd go bankrupt and be purchased by someone who actually cares about the mountain of unused IPs they own.

Worry not, Hasbro MIGHT buy Mattel...
Quote from: Rhedyn

Here is why this forum tends to be so stupid. Many people here think Joe Biden is "The Left", when he is actually Far Right and every US republican is just an idiot.

"During times of universal deceit, telling the truth becomes a revolutionary act."

― George Orwell

Man at Arms

#7
July 25, 2024, 10:44:49 PM
Quote from: honeydipperdavid on July 25, 2024, 04:08:36 PMMost players would rather play with miniatures at a table.


I sure would.

Omega

#8
July 26, 2024, 02:37:13 PM
Quote from: honeydipperdavid on July 25, 2024, 04:08:36 PMHasbro will have to create television commercials and digital ads now to draw in new D&D players and I don't believe WotC realized this.  They think the players just appear out of nowhere.

They just recently bought out a bunch of D&D YouTube influencers so they may use that now as their covert advertising arm.

And of course outrage marketing.

I can about guarantee you there will be a combat wheelchair mini for the VTT. Mexican orc minis! That will surely drive up sales!

Armchair Gamer

#9
July 26, 2024, 02:54:53 PM
Quote from: GeekyBugle on July 25, 2024, 09:04:09 PM
Quote from: BoxCrayonTales on July 25, 2024, 09:29:19 AMOh joy. Here I was hoping they'd go bankrupt and be purchased by someone who actually cares about the mountain of unused IPs they own.

Worry not, Hasbro MIGHT buy Mattel...

   My first reflex is to cry out "No!", but on deeper consideration, the Matter of Eternia is already a lost cause ...

GeekyBugle

#10
July 26, 2024, 05:30:15 PM
Quote from: Armchair Gamer on July 26, 2024, 02:54:53 PM
Quote from: GeekyBugle on July 25, 2024, 09:04:09 PM
Quote from: BoxCrayonTales on July 25, 2024, 09:29:19 AMOh joy. Here I was hoping they'd go bankrupt and be purchased by someone who actually cares about the mountain of unused IPs they own.

Worry not, Hasbro MIGHT buy Mattel...

   My first reflex is to cry out "No!", but on deeper consideration, the Matter of Eternia is already a lost cause ...

Also Hasbro seems to be trying to not be a toy manufacturer anymore, so they might license out the rights to others...

Which doesn't mean it won't be shit in current year.
Quote from: Rhedyn

Here is why this forum tends to be so stupid. Many people here think Joe Biden is "The Left", when he is actually Far Right and every US republican is just an idiot.

"During times of universal deceit, telling the truth becomes a revolutionary act."

― George Orwell

Opaopajr

#11
July 26, 2024, 06:02:30 PM
Quote from: BoxCrayonTales on July 25, 2024, 09:29:19 AMOh joy. Here I was hoping they'd go bankrupt and be purchased by someone who actually cares about the mountain of unused IPs they own.

Your wish is similar to mine. :( Alas the accounting gods are fickle and divining their messages through goat entrails is challenging due to leaky guts from tax loopholes. But at least we are not adding to the problem child's bottom line. :)
Just make your fuckin\' guy and roll the dice, you pricks. Focus on what\'s interesting, not what gives you the biggest randomly generated virtual penis.  -- J Arcane
 
You know, people keep comparing non-TSR D&D to deck-building in Magic: the Gathering. But maybe it\'s more like Katamari Damacy. You keep sticking shit on your characters until they are big enough to be a star.
-- talysman

Anon Adderlan

#12
July 27, 2024, 12:54:26 PM
Not surprising but don't be fooled. Their 'earnings' are due to cutting costs not increasing value.

Meanwhile they want to tie their success to a live service they're developing in house, when they have no experience in digital development, live services are in active decline, they're up against more mature and often free VTT competition, and have no idea what makes their product successful in the first place (which is why every success has been the product of a third party). And it all needs to generate enough revenue to justify the cost of creating/maintaining it.

The only thing #Hasbro has of any value at this point are their licenses, which they're doing far too little to leverage.

weirdguy564

#13
July 29, 2024, 05:59:50 PM
QuoteI dunno, I still only have animosity towards WoTC, I don't have it against Hasbro. WoTC could lose money and Hasbro could be making money with other stuff.  But oh well.

I have the opposite opinion on this.  I believe Hasbro was sinking, so they pressured their various subsidiaries to raise profits by any means necessary. 

So, WotC had to pull some dubious shit because they would be fired by their Hasbro overlords if they didn't. 

I'm glad for you if you like the top selling game of the genre.  Me, I like the road less travelled, and will be the player asking we try a game you've never heard of.
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