Last week, Hasbro reported its financial results for the third quarter (ended September 30, 2024). Here are the key points concerning its gaming business.

Baldur’s Gate 3 (left), Monopoly Go! (right)

  • The company’s net revenue totaled $1.28 billion, a 15% decrease year-over-year.
  • Hasbro also achieved a net profit of $223 million. In the third quarter of 2023, the company had a loss of $171 million.
  • Revenue from the segment that includes Wizards of the Coast and video games fell by 5% to $404 million.
  • Despite increased revenues from Magic: The Gathering and steady performance from Monopoly Go!, Hasbro recorded an expected decline in licensing revenue from Baldur’s Gate 3.
  • For the entirety of 2024, the company expects to earn $35 million from BG3 (previous forecast was $30 million). Most of this amount has already been received in the first three quarters.
  • In a conversation with investors, Hasbro CEO Chris Cocks emphasized that the company still counts on a long tail of sales for Baldur’s Gate 3. The management is confident that the game’s quality and Larian’s approach to supporting their projects will allow them to earn royalties — albeit in smaller volumes — over several years.
  • Royalties from Monopoly Go! consistently bring the company $10 million monthly. Hasbro expects that the Scopely mobile hit will continue to provide stable income for many more months.
  • As for the full-year forecast, the company still expects revenues from Monopoly Go! to reach $105 million.

Source:

Hasbro

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