๐น Revenue: $980.8M (Est. $874.66M) ๐ข
๐น Adj. EPS: $1.30 (Est. $0.78) ๐ข
Raised FY25 Outlook: ๐ข
๐น Revenue: UP mid-single digits (prev. UP slightly)
๐น Adj. Operating Margin: 22%โ23% (prev. 21%โ22%)
๐น Adj. EBITDA: $1.17Bโ$1.20B (prev. $1.1Bโ$1.15B)
Q2 Segment:
Wizards of the Coast & Digital Gaming
๐น Revenue: +16% YoY
๐น MAGIC: THE GATHERING: +23% YoY (record Final Fantasy set)
๐น Monopoly Go!: $44M Q2 revenue
๐น Operating Profit: DOWN -2% YoY (higher royalties)
๐น Margin: 46.3%; DOWN -840 bps YoY
Consumer Products
๐น Revenue: DOWN -16% YoY
๐น Adjusted Op. Profit: $1.2M
๐น Brands: Growth in BEYBLADE, TRANSFORMERS, MONOPOLY
๐น GAAP Operating Loss: -$1.03B (includes goodwill impairment)
Entertainment
๐น Revenue: DOWN -15% YoY
๐น Adj. Operating Profit: $10M (vs. $18M YoY)
Other Key Metrics:
๐น Adj. Operating Profit: $247M (flat YoY)
๐น Adjusted Net Earnings: UP +$0.08 YoY
๐น Dividend Paid: $98M; $0.70/share declared for Q3
๐น Debt Reduction: $12M in Q2
CEO Commentary
๐ธ โOur return to growth proves the Playing to Win strategy is delivering.โ
๐ธ โMAGIC: THE GATHERING set new records, and digital/brand licensing growth continues to fuel performance.โ
๐ธ โWith cost discipline and brand strength, weโre upgrading our outlook for 2025 and beyond.โ