Hasbro, the company that owns the rights to Dungeons & Dragons, has published a financial report for 2023. She reported that her video game revenue has grown well thanks to the success of Baldur's Gate 3 and MONOPOLY GO!.
Baldur’s Gate 3
The company estimates that by December 31, it had earned about $90 million on Baldur's Gate 3 since the game's release in August 2023. Hasbro expects Baldur's Gate 3 to continue generating revenue for a long time to come.
"We will be making money on [Baldur's Gate 3] throughout 2024," Hasbro CFO Gina Goetter said during a call with investors. "Of course, not in the same volume as in the third and fourth quarters, but the game will continue to sell and bring revenue and profit."
Hasbro is going to actively develop the Dungeons & Dragons franchise and release more video games based on it. "Baldur's Gate 3 is just the first new video game. We have several more projects that will be released in the next 5-10 years," said Chris Cocks, CEO of Hasbro.
Hasbro and Larian Studios did not disclose the terms of the license agreement and the amount of royalties for the right to work with the Dungeons & Dragons franchise. Therefore, it is unknown how much the developers of Baldur's Gate 3 earned from the game.
Hasbro's financial performance for 2023
- Hasbro's annual revenue fell 15% to $5 billion.
- The net loss amounted to $1.49 billion. In 2022, the company reported a profit of $203 million.
- The segment, which includes Wizards of the Coast and video game teams, is the only one with increased revenue. In 2023, it earned $1.45 billion, which is 10% more than in 2022. Growth was achieved primarily due to increased revenue from gaming licenses on the back of the success of Baldur's Gate 3 and MONOPOLY GO!.
- MONOPOLY GO! In the fourth quarter alone, Scopely brought in more than $800 million. The amount of royalties from the game's revenue, which Scopely pays to Hasbro, is not reported.
- At the same time, the segment's operating profit decreased by 2% to $525.7 million. This is due to the high costs of royalty payments for the Universes Beyond brand.