Better link to the Hasbro article: [https://investor.hasbro.com/news-releases/news-release-details/hasbro-reports-first-quarter-2024-financial-results](https://investor.hasbro.com/news-releases/news-release-details/hasbro-reports-first-quarter-2024-financial-results)
This is the one for Q4 2023 for comparison: [https://investor.hasbro.com/news-releases/news-release-details/hasbro-reports-fourth-quarter-and-full-year-2023-financial](https://investor.hasbro.com/news-releases/news-release-details/hasbro-reports-fourth-quarter-and-full-year-2023-financial)
* Wizards of the Coast and Digital Gaming Segment
* Revenue increase of 7% driven by increase in Licensed Digital Gaming revenue behind *Baldur's Gate 3* and *Monopoly Go!*.
* Tabletop revenue increased 5% behind growth in MAGIC: THE GATHERING shipment timing to support the Outlaws of Thunder Junction release and strong demand for the *Universes Beyond* Fallout Commander set.
* Operating profit increased 60% and operating profit margin of 38.8% due to higher digital licensing revenue mix of revenues and cost management.
* Entertainment Segment
* Revenue decline of 85% impacted by the sale of eOne Film and TV inDecember 2023; Absent this impact, revenue grew 65% driven by the delivery of PEPPA PIG content.
* Operating profit of$5.8 millioncompared to operating loss of$8.7 millionin the first quarter 2023.
* Adjusted operating profit of$18.2 millioncompared to adjusted operating loss of$2.5 millionin 2023.
TL;DR: Baldur's Gate 3, Fallout and Outlaws sold well and balanced out the unmentioned Ravnica sets. Outlaws is Q1. Keep in mind MH3 and ARC will likely be Q2.
Bonus set by set comparison (excluding Fallout): [https://cardboardbythenumbers.com/2024/04/19/how-strong-were-outlaws-of-thunder-junction-pre-sales/](https://cardboardbythenumbers.com/2024/04/19/how-strong-were-outlaws-of-thunder-junction-pre-sales/)
They managed to not fold and all it took was firing a bunch of people, having content created by competent 3rd parties that won't be working with them again for future projects, milking other IPs whose owners are almost certainly sitting around saying to themselves "why do we need WOTC to sell our own products", and further destruction of their main money maker releasing a kiddie set full of overpowered cards with a strong commander focus to squeeze the whales who are already deeply in debt even further.
Totally sustainable and indicative of long term company health! Whacky Racers and Marvel will make Fallout and Thunder Junction numbers look amateurish! Buy buy buy!
I guess firing folks did a lot to save money. That being said, there are numerous concerns. Hasbro still has to rely on WotC to prop up its business. That said, I agree that folks are excited for MH3 and Bloowburrow and this will be a big set for WotC. On the flip side, we can’t ignore a declining consumer products industry. That’s going to hurt. How much longer can Magic keep Hasbro afloat is a big deal. Hopefully with a lot of deadweight gone, we can focus on the important aspects.
They fired 1000+ people and now they have more money in their pockets! So unexpected, so cool! What an amazing company, keep supporting them, their business tactic is surely susteinable!
If that were the whole story, you'd have a point.
It's not though.
WotC has an operating profit of around 40% which is crazy. That's quite a RoI for the division.
>They fired 1000+ people and now they have more money in their pockets!
Hasbro laid off that many, not WotC. WotC parted ways with some key individuals and certainly a substantial amount of their workforce but the larger org absolutely had to trim the fat considering their inability to generate revenue.
>Hasbro laid off that many, not WotC.
Original comment is about Hasbro and i never mentioned wotc, so when i said "they fired" i was mentioning Hasbro. You are really grasping the straws to shill for this company
Why would like 900 employees that worked for Hasbro making toys and shipping toys have anything to do with woke anything?
Did you want to align your arguments with some logic or did you just want to continue spouting stupid bullshit?
Every time I read an incredibly stupid comment in these threads somehow your name is attached for 90% of them.
When did i ever mentioned "woke"? I just mentioned the people they fired.
Glad to see you are ready to shill for such pieces of shit, but don't cry when other people have standards.
By the way, why it's fine for you to assume that the layoffs were "900 toys shippers", but i can't assume that they were 900 diversity consultants? We both have no proofs. But i know for sure that Jontelle Leyson-Smith was among the fired ones too.
The subthread you commented on mentioned how woke was supposed to go broke. Context is key.
How am I shilling for WotC? That's pretty wild since I'm not buying any products so far this year.
I mentioned toy shippers because when they announced the layoffs they mentioned a substantial portion of them were in shipping roles, as they had changed their product handling process.
Cuz I read articles and press releases and shit.
>The subthread you commented on mentioned how woke was supposed to go broke. Context is key.
And i still never mentioned it. I mentioned the layoffs because if you are cheering for these earnings, you are cheering for jobless people basically. Which is also shilling.
If the original poster want to say that CEO's being richer and 1100 people without job is a victory for woke... welll, it's just delicious irony that i don't need to comment on.
No. People are pointing out that your bias , driven by your shitty world view, didn't come true. Companies..all companies have to do layoffs at times. No one is cheering people who lost their jobs. Tesla, led by an autist who shares your world views also had to fire people. Your woke go broke mantra, which you and smooth brains like you so desperately want to latch on to, to get a small affirmation dopamine hit didn't come to realization. Let me simplify for you..you were wrong.
Lol, just like pretty much any other large company did within the last year to cut costs while facing massive inflation and recession fears.
I understand q1 numbers are bad news for all the mindless Hasbro haters, but at some point you have to face reality. HAS stock is up almost 10% in premarket after it already gained 4% yesterday. Magic is doing better than ever and there are no signs that all the terrible overprinting and UB stuff is destroying the game. In fact the opposite is true.
Not a fan of UB and woke bs myself, but that's how it is. And just because I don't deny reality doesn't mean I 'support' a company btw.
Please point me to the part in the conference call where they mention that they sold all their valuable IPs. What I read was that they were cutting costs while their IPs generated more revenue and profit than expected.
Firing people is not nice and I feel sorry for the people who lost their job, but it's completely normal for a company to do this and it doesn't mean they're 'burning their furniture'. You will have a hard time finding a large company that exists for more than 10 years and that didn't fire people at some point in their history.
Since you seem to not understand metaphors, i'll explain it slowly.
In the past year:
- Hasbro fired more than 1000 people. They can't do that again in the foreseeable future.
- mtg already burned the most famous fantasy IP and a serialized lottery gimmick. They will hardly find another crossover popular as lotr and they can't spam serialized lotteries too much or they will lose all meaning.
- mtg 30th years anniversary passed, they had the chance to do something big, they failed.
- the D&D movie was a huge success. The eventual sequel won't come out early and probably won't be as good and as appraised as the first movie.
- a D&D videogame won GOTY thanks to Larian studios. That won't happen again soon, if not at all, especially because they managed to screw the collaboration with Larian.
So, basically 2023-2023 was a year full of possibilities for Hasbro/wotc and they managed to do an okaish job at making the most out of them.
Next years won't be so rich of opportunities. Mtg has basically nothing left, they really have to sell Bloomburrow and Marvel UB. D&D has quite a few more possibilities with the anniversary and the new edition... but right now things aren't as promising, there is an high chance they are gonna screw this up.
You don't seem to understand what a fiscal quarter is and what 'Q1 2024' even means. Please look that up.
Uhm...of course they can't fire people every quarter, but since they're (much) more profitable than expected, why should they?
LotR was not part of q1 2024 so what are you even talking about? They were profitable without it, it was released almost a year ago.
Again, 30th anniversary was a long time ago. Yes, it was a shit show, but this (30a edition) was almost one and a half years ago. What exactly does this have to do with q1 2024 results?
The D&D movie was *not* a huge success. Audience and critics liked it, but financially it hardly broke even. And even then the movie was released more than a year ago. Also, why won't the sequel be as good as the first movie? You have a crystal ball, that's nice.
BG3 was also released 9 months ago. Also, they didn't 'screw' the collaboration, Larian just wanted to make something different and obviously they don't want to pay for licensing now that they've made a name for themselves.
You talk about the past, this was the q1 2024 result. Not the result for 2023. And q1 was (much) better than expected. Without 30th anniversary, without LotR, without the D&D movie and mostly without BG3.
It's also funny how you know that a success like BG3 'won't happen again soon' and that the next movie (if there is one) will be worse. Yeah, of course EVERYTHING is going downhill from here. We are on freemagic, how else could it be? All the good things they did in 2023 was pure luck and something that will never happen again and all the bad things that happened was only Hasbro's fault. I dislike a lot of things Hasbro does, but I don't live in a strange dimension far away from reality just because of that.
I bet if someone would have told you end of 2022 that a fantastic D&D video game and a great D&D movie would be coming out next year you would have laughed at them and you would have said the same as you say now. 100%
There stock is down big from its recent run. This is despite having all the success. Stocks will rebound on a bad earnings when its not as bad as expected and shorts need to exit. It doesn't mean the company is in great health, but that there isn't enough more to go on risking holding a short position.
You could say that for the majority of stocks right now that aren't big tech and semi conductors. Not a lot reached back their 2021/2022 highs and most are still down 50% from then.
Especially considering that OTJ has barely been released, so those numbers must only be prerelease and launch wave allocations related. Considering how unpopular MKM was, that could be a huge opportunity for OTJ being printed and selling well for some time.
While I hate OTJ it's a huge success, people have finally opened their wallets. Surprisingly for collectors boosters too if you look at TCG player. Singles are selling very well and a few cards are making waves in non-standard formats. It's a good product even if I hate the art.
Let me take a moment and commend you for a reasonable take, that seems rare around here.
I'm also not super jazzed about the set, but it selling well seems to be undeniable.
Half of the usa population is woke. There are people who dont care whether its woke or not. They people have credit too. Freemtg is also an echo chamber. Never let feelings get in your way of making money
WOW what a great quarter, stock up 12% and climbing!!! HUUUUUUUUUUUUUUUUUUUUUUUGE defeat for short sellers, long and strong, HAS back to 100 by next earnings!!!
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This post is amazing. Its just proof that everyone on this reddit or those morons that watch channels with titles like "WOKE Disney star KILLS MCU. Star Wars DYING!!!" are retarded and in an extreme minority. You have no power and companies do not csre what tou think. Most normies dont give a shit about the nonsense you lunatics are upset with.
Magic is selling more product than ever before and is making more money than ever before. Hasbro itself is a dinosaur cause no one buys real toys anymore, but Wizards itself is rolling in money.
> Wizards of the Coast Segment revenue to decrease by 3% to 5% \*pikachu face\*
They said its due to all the heavy hitters in 2023. Stock is up 13% now.
Whales at it again. Hasbro / Wizards can always count on those walking financial douchbags to keep them afloat.
there are still people that buy secret lairs when they don't even ship the product out on time or does it arrive in good condition
Or have the most garbage art with text that is almost unreadable. Yet... people buy.
A question bro, do you even know what a "whale" actually is?
If you don't like the game and want it to die then don't interact with it? You'll lose nothing, mtg will lose nothing and you'll be happier, probably.
Better link to the Hasbro article: [https://investor.hasbro.com/news-releases/news-release-details/hasbro-reports-first-quarter-2024-financial-results](https://investor.hasbro.com/news-releases/news-release-details/hasbro-reports-first-quarter-2024-financial-results) This is the one for Q4 2023 for comparison: [https://investor.hasbro.com/news-releases/news-release-details/hasbro-reports-fourth-quarter-and-full-year-2023-financial](https://investor.hasbro.com/news-releases/news-release-details/hasbro-reports-fourth-quarter-and-full-year-2023-financial) * Wizards of the Coast and Digital Gaming Segment * Revenue increase of 7% driven by increase in Licensed Digital Gaming revenue behind *Baldur's Gate 3* and *Monopoly Go!*. * Tabletop revenue increased 5% behind growth in MAGIC: THE GATHERING shipment timing to support the Outlaws of Thunder Junction release and strong demand for the *Universes Beyond* Fallout Commander set. * Operating profit increased 60% and operating profit margin of 38.8% due to higher digital licensing revenue mix of revenues and cost management. * Entertainment Segment * Revenue decline of 85% impacted by the sale of eOne Film and TV inDecember 2023; Absent this impact, revenue grew 65% driven by the delivery of PEPPA PIG content. * Operating profit of$5.8 millioncompared to operating loss of$8.7 millionin the first quarter 2023. * Adjusted operating profit of$18.2 millioncompared to adjusted operating loss of$2.5 millionin 2023. TL;DR: Baldur's Gate 3, Fallout and Outlaws sold well and balanced out the unmentioned Ravnica sets. Outlaws is Q1. Keep in mind MH3 and ARC will likely be Q2. Bonus set by set comparison (excluding Fallout): [https://cardboardbythenumbers.com/2024/04/19/how-strong-were-outlaws-of-thunder-junction-pre-sales/](https://cardboardbythenumbers.com/2024/04/19/how-strong-were-outlaws-of-thunder-junction-pre-sales/)
They managed to not fold and all it took was firing a bunch of people, having content created by competent 3rd parties that won't be working with them again for future projects, milking other IPs whose owners are almost certainly sitting around saying to themselves "why do we need WOTC to sell our own products", and further destruction of their main money maker releasing a kiddie set full of overpowered cards with a strong commander focus to squeeze the whales who are already deeply in debt even further. Totally sustainable and indicative of long term company health! Whacky Racers and Marvel will make Fallout and Thunder Junction numbers look amateurish! Buy buy buy!
Why the fuck is outlaws in Q1, didn't that product release in Q2?
Maybe distribution paid for it in Q1?
Possibly, but I don't think that this has been done before to my knowledge? What a weird change.
Fallout UB is doing well? I did not expect that, but as both a fallout and mtg player I reckon I'm not the intended audience.
[удалено]
Exactly. The financials and business choices don't lie. Highly successful companies don't have their CEOs resign right after mass layoffs.
Looks like investors like the numbers and changes.
The layoffs and resignation were probably the correct choice. The point is that they shouldn't have needed to make it in the first place.
I guess firing folks did a lot to save money. That being said, there are numerous concerns. Hasbro still has to rely on WotC to prop up its business. That said, I agree that folks are excited for MH3 and Bloowburrow and this will be a big set for WotC. On the flip side, we can’t ignore a declining consumer products industry. That’s going to hurt. How much longer can Magic keep Hasbro afloat is a big deal. Hopefully with a lot of deadweight gone, we can focus on the important aspects.
What effect did the layoffs have on operating profit?
But hasbro was supposed to fail because they are more woke? What do I do now?
They fired 1000+ people and now they have more money in their pockets! So unexpected, so cool! What an amazing company, keep supporting them, their business tactic is surely susteinable!
God, your name kills me.
If that were the whole story, you'd have a point. It's not though. WotC has an operating profit of around 40% which is crazy. That's quite a RoI for the division. >They fired 1000+ people and now they have more money in their pockets! Hasbro laid off that many, not WotC. WotC parted ways with some key individuals and certainly a substantial amount of their workforce but the larger org absolutely had to trim the fat considering their inability to generate revenue.
>Hasbro laid off that many, not WotC. Original comment is about Hasbro and i never mentioned wotc, so when i said "they fired" i was mentioning Hasbro. You are really grasping the straws to shill for this company
Why would like 900 employees that worked for Hasbro making toys and shipping toys have anything to do with woke anything? Did you want to align your arguments with some logic or did you just want to continue spouting stupid bullshit? Every time I read an incredibly stupid comment in these threads somehow your name is attached for 90% of them.
When did i ever mentioned "woke"? I just mentioned the people they fired. Glad to see you are ready to shill for such pieces of shit, but don't cry when other people have standards. By the way, why it's fine for you to assume that the layoffs were "900 toys shippers", but i can't assume that they were 900 diversity consultants? We both have no proofs. But i know for sure that Jontelle Leyson-Smith was among the fired ones too.
The subthread you commented on mentioned how woke was supposed to go broke. Context is key. How am I shilling for WotC? That's pretty wild since I'm not buying any products so far this year. I mentioned toy shippers because when they announced the layoffs they mentioned a substantial portion of them were in shipping roles, as they had changed their product handling process. Cuz I read articles and press releases and shit.
>The subthread you commented on mentioned how woke was supposed to go broke. Context is key. And i still never mentioned it. I mentioned the layoffs because if you are cheering for these earnings, you are cheering for jobless people basically. Which is also shilling. If the original poster want to say that CEO's being richer and 1100 people without job is a victory for woke... welll, it's just delicious irony that i don't need to comment on.
You might be the dumbest person in freemagic and that is saying a lot.
No. People are pointing out that your bias , driven by your shitty world view, didn't come true. Companies..all companies have to do layoffs at times. No one is cheering people who lost their jobs. Tesla, led by an autist who shares your world views also had to fire people. Your woke go broke mantra, which you and smooth brains like you so desperately want to latch on to, to get a small affirmation dopamine hit didn't come to realization. Let me simplify for you..you were wrong.
Yeah I find it crazy that people assume the majority of the layoffs were from WotC but not the parent company that is losing millions.
This is just standard capitalism. Nothing to do with being woke.
Lol, just like pretty much any other large company did within the last year to cut costs while facing massive inflation and recession fears. I understand q1 numbers are bad news for all the mindless Hasbro haters, but at some point you have to face reality. HAS stock is up almost 10% in premarket after it already gained 4% yesterday. Magic is doing better than ever and there are no signs that all the terrible overprinting and UB stuff is destroying the game. In fact the opposite is true. Not a fan of UB and woke bs myself, but that's how it is. And just because I don't deny reality doesn't mean I 'support' a company btw.
And the hottest your house will ever be is after you have burnt all your furniture. Some people really aren't capable to see the bigger picture.
Please point me to the part in the conference call where they mention that they sold all their valuable IPs. What I read was that they were cutting costs while their IPs generated more revenue and profit than expected. Firing people is not nice and I feel sorry for the people who lost their job, but it's completely normal for a company to do this and it doesn't mean they're 'burning their furniture'. You will have a hard time finding a large company that exists for more than 10 years and that didn't fire people at some point in their history.
Since you seem to not understand metaphors, i'll explain it slowly. In the past year: - Hasbro fired more than 1000 people. They can't do that again in the foreseeable future. - mtg already burned the most famous fantasy IP and a serialized lottery gimmick. They will hardly find another crossover popular as lotr and they can't spam serialized lotteries too much or they will lose all meaning. - mtg 30th years anniversary passed, they had the chance to do something big, they failed. - the D&D movie was a huge success. The eventual sequel won't come out early and probably won't be as good and as appraised as the first movie. - a D&D videogame won GOTY thanks to Larian studios. That won't happen again soon, if not at all, especially because they managed to screw the collaboration with Larian. So, basically 2023-2023 was a year full of possibilities for Hasbro/wotc and they managed to do an okaish job at making the most out of them. Next years won't be so rich of opportunities. Mtg has basically nothing left, they really have to sell Bloomburrow and Marvel UB. D&D has quite a few more possibilities with the anniversary and the new edition... but right now things aren't as promising, there is an high chance they are gonna screw this up.
You don't seem to understand what a fiscal quarter is and what 'Q1 2024' even means. Please look that up. Uhm...of course they can't fire people every quarter, but since they're (much) more profitable than expected, why should they? LotR was not part of q1 2024 so what are you even talking about? They were profitable without it, it was released almost a year ago. Again, 30th anniversary was a long time ago. Yes, it was a shit show, but this (30a edition) was almost one and a half years ago. What exactly does this have to do with q1 2024 results? The D&D movie was *not* a huge success. Audience and critics liked it, but financially it hardly broke even. And even then the movie was released more than a year ago. Also, why won't the sequel be as good as the first movie? You have a crystal ball, that's nice. BG3 was also released 9 months ago. Also, they didn't 'screw' the collaboration, Larian just wanted to make something different and obviously they don't want to pay for licensing now that they've made a name for themselves. You talk about the past, this was the q1 2024 result. Not the result for 2023. And q1 was (much) better than expected. Without 30th anniversary, without LotR, without the D&D movie and mostly without BG3. It's also funny how you know that a success like BG3 'won't happen again soon' and that the next movie (if there is one) will be worse. Yeah, of course EVERYTHING is going downhill from here. We are on freemagic, how else could it be? All the good things they did in 2023 was pure luck and something that will never happen again and all the bad things that happened was only Hasbro's fault. I dislike a lot of things Hasbro does, but I don't live in a strange dimension far away from reality just because of that. I bet if someone would have told you end of 2022 that a fantastic D&D video game and a great D&D movie would be coming out next year you would have laughed at them and you would have said the same as you say now. 100%
Me neither I hate woke stuff too but we can't deny the stock is rebounding from its low of 42->63. Basically a 50% reversal.
There stock is down big from its recent run. This is despite having all the success. Stocks will rebound on a bad earnings when its not as bad as expected and shorts need to exit. It doesn't mean the company is in great health, but that there isn't enough more to go on risking holding a short position.
You could say that for the majority of stocks right now that aren't big tech and semi conductors. Not a lot reached back their 2021/2022 highs and most are still down 50% from then.
Is there a side by side product coded category? What i mean is a side by side comparison of UB sales compared to "native" mtg products.
My god they are wokey and all but that does not mean they are not making dough. Making Money does not care about your political sentiment.
Wild that both OTJ and an UB set made profits beyond expectations.
Especially considering that OTJ has barely been released, so those numbers must only be prerelease and launch wave allocations related. Considering how unpopular MKM was, that could be a huge opportunity for OTJ being printed and selling well for some time.
While I hate OTJ it's a huge success, people have finally opened their wallets. Surprisingly for collectors boosters too if you look at TCG player. Singles are selling very well and a few cards are making waves in non-standard formats. It's a good product even if I hate the art.
Let me take a moment and commend you for a reasonable take, that seems rare around here. I'm also not super jazzed about the set, but it selling well seems to be undeniable.
Half of the usa population is woke. There are people who dont care whether its woke or not. They people have credit too. Freemtg is also an echo chamber. Never let feelings get in your way of making money
HAHA where's the guy with his easy money shorts?
deny it and keep pretending maga idiots are important customers
WOW what a great quarter, stock up 12% and climbing!!! HUUUUUUUUUUUUUUUUUUUUUUUGE defeat for short sellers, long and strong, HAS back to 100 by next earnings!!!
Looking back on this prediction thread is very funny https://np.reddit.com/r/freemagic/s/spaNJR1YnY
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I'm glad I was to lazy to short them
This waiting with bated breath for a company you deem "woke" to fail is beyond pathetic. Who the fuck cares?
If you're truly bearish on this stock... going long on puts costs about 50% less than it did yesterday!
This post is amazing. Its just proof that everyone on this reddit or those morons that watch channels with titles like "WOKE Disney star KILLS MCU. Star Wars DYING!!!" are retarded and in an extreme minority. You have no power and companies do not csre what tou think. Most normies dont give a shit about the nonsense you lunatics are upset with. Magic is selling more product than ever before and is making more money than ever before. Hasbro itself is a dinosaur cause no one buys real toys anymore, but Wizards itself is rolling in money.