Looking Closely at the Growth Curve for Hasbro Inc. (HAS) Stock

Hasbro Inc. (NASDAQ: HAS), a well-known American toy firm, bought Entertainment One (eOne), an entertainment content provider, over a year ago. With this purchase, Hasbro is rapidly boosting sales and earnings, according to the third-quarter report.

Film and television programme production and distribution firms are part of Entertainment One (eOne),.The company operates as a significant international film distributor in Canada, the United Kingdom, Australia, and a few European nations. Hasbro Inc. (HAS) now owns the most popular children’s brands, including Peppa Pig, PJ Masks, Ricky Zoom, and others, as a result of this acquisition.

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Hasbro’s new entertainment business grew sales by 76 percent year over year in the third quarter, accounting for around 13 percent of overall revenue. The deal helped Hasbro Inc. (HAS) produce more than $4.4 billion in sales in the first nine months of 2021. In comparison, revenue for the entire year of 2019 was $4.72 billion.

In addition to increased sales, Hasbro Inc. (NASDAQ: HAS) reported a 15% year-over-year rise in net profit in the third quarter. Net income was $350.5 million for the first nine months of 2021, which concluded on September 26, 2021. This is up by 38% from nine months two years ago.

According to the firm, the inclusion of eOne broadens the company’s brand portfolio and provides experience in television and movies fields. The entertainment firm, in particular, is assisting Hasbro in integrating its own brands into new media products, as it did with the My Little Pony brand. My Little Pony: The Next Generation premiered on Netflix in September. Hasbro anticipates $130 million in benefits from the eOne purchase by 2022.

As a result, Hasbro, which is best known for its board games (Monopoly, Jenga, Dungeons and Dragons, Scrabble, and so on) and popular brands (My Little Pony, Transformers, Mr. Potato Head, and so on), distinguishes its activities through media goods.

Hasbro Inc. (HAS) now pays out dividends with a 2.9 percent yield and the potential for greater profitability. On November 2, the HAS stock traded at $93.45. The company’s market cap reached $13.00 billion.


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