---
schema_version: "secwatch.filing_event.v1"
accession: "0000046080-23-000079"
form_type: "8-K"
ticker: "HAS"
cik: "0000046080"
company_name: "HASBRO, INC."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T09:50:24.329956+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hasbro Q2 revenue down 10% to $1.21B; reports net loss of $235M; sells eOne Film & TV to Lionsgate

## Summary
- Q2 net revenue $1,210M (-10% YoY); net loss $235M (-$1.69 EPS); adjusted EPS $0.49 (-57%).
- Announced sale of eOne Film and TV business to Lionsgate; expected close by end of 2023, plans to pay down at least $400M floating-rate debt.
- Operating loss $188.6M vs profit $219.1M in prior year; adjusted operating profit $136.8M, down 43%.
- First-half cost savings $84M under Operational Excellence Program; owned inventory reduced 16% YoY.
- Raised Wizards of the Coast & Digital Gaming revenue guidance; reaffirmed Consumer Products outlook; Entertainment impacted by strikes.

## SEC filing metadata
- accession: 0000046080-23-000079
- form_type: 8-K
- ticker: HAS
- cik: 0000046080
- company_name: HASBRO, INC.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46080/000004608023000079/0000046080-23-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46080/000004608023000079/has-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000046080-23-000079
- JSON: https://secwatch.observer/filing/0000046080-23-000079.json
- Plain text: https://secwatch.observer/filing/0000046080-23-000079.txt

## Key facts
- Earnings Releases
  HASBRO, INC. reported first half 2023 results: revenue $2,211.0, net income $(257.1), EPS $(1.85). Guidance raised.
  - Period: first half 2023
  - Revenue: $2,211.0
  - Net income: $(257.1)
  - EPS: $(1.85)
  - Guidance: raised
  - Result: reported results
  source text: Quarter and First Half 2023 Financial Results $ Millions, except earnings per share Q2 2023 Q2 2022 % Change 1H 2023 1H 2022 % Change Net Revenues 1 $ 1,210.0 $ 1,339.2 -10% $ 2,211.0 $ 2,502.3 -12% Operating Profit (Loss) $ (188.6) $ 219.1 >-100% $ (170.7) $ 339.1 >-100% Adjusted Operating Profit 2 $ 136.8 $ 241.0 -43% $ 184.0 $ 382.8 -52% Net Earnings (Loss)
  evidence_url: https://www.sec.gov/Archives/edgar/data/46080/000004608023000079/0000046080-23-000079-index.htm
- Earnings Releases
  HASBRO, INC. reported the fiscal quarter ended July 2, 2023 results: revenue $1,210.0, net income $(235.0), EPS $(1.69). Guidance raised.
  - Period: the fiscal quarter ended July 2, 2023
  - Revenue: $1,210.0
  - Net income: $(235.0)
  - EPS: $(1.69)
  - Guidance: raised
  - Result: reported results
  source text: Brothers editions. Second Quarter and First Half 2023 Financial Results $ Millions, except earnings per share Q2 2023 Q2 2022 % Change 1H 2023 1H 2022 % Change Net Revenues 1 $ 1,210.0 $ 1,339.2 -10% $ 2,211.0 $ 2,502.3 -12% Operating Profit (Loss) $ (188.6) $ 219.1 >-100% $ (170.7) $ 339.1 >-100% Adjusted Operating Profit 2 $ 136.8 $ 241.0 -43% $ 184.0 $ 382.8
  evidence_url: https://www.sec.gov/Archives/edgar/data/46080/000004608023000079/0000046080-23-000079-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.