🔹 Revenue: $980.8M (Est. $874.66M) 🟢
🔹 Adj. EPS: $1.30 (Est. $0.78) 🟢
Raised FY25 Outlook: 🟢
🔹 Revenue: UP mid-single digits (prev. UP slightly)
🔹 Adj. Operating Margin: 22%–23% (prev. 21%–22%)
🔹 Adj. EBITDA: $1.17B–$1.20B (prev. $1.1B–$1.15B)
Q2 Segment:
Wizards of the Coast & Digital Gaming
🔹 Revenue: +16% YoY
🔹 MAGIC: THE GATHERING: +23% YoY (record Final Fantasy set)
🔹 Monopoly Go!: $44M Q2 revenue
🔹 Operating Profit: DOWN -2% YoY (higher royalties)
🔹 Margin: 46.3%; DOWN -840 bps YoY
Consumer Products
🔹 Revenue: DOWN -16% YoY
🔹 Adjusted Op. Profit: $1.2M
🔹 Brands: Growth in BEYBLADE, TRANSFORMERS, MONOPOLY
🔹 GAAP Operating Loss: -$1.03B (includes goodwill impairment)
Entertainment
🔹 Revenue: DOWN -15% YoY
🔹 Adj. Operating Profit: $10M (vs. $18M YoY)
Other Key Metrics:
🔹 Adj. Operating Profit: $247M (flat YoY)
🔹 Adjusted Net Earnings: UP +$0.08 YoY
🔹 Dividend Paid: $98M; $0.70/share declared for Q3
🔹 Debt Reduction: $12M in Q2
CEO Commentary
🔸 “Our return to growth proves the Playing to Win strategy is delivering.”
🔸 “MAGIC: THE GATHERING set new records, and digital/brand licensing growth continues to fuel performance.”
🔸 “With cost discipline and brand strength, we’re upgrading our outlook for 2025 and beyond.”