(Finance) – Hasbroone of the three largest toy companies in the world, closed the 2023 with revenues down 15% to 5 billion euros, with growth in the Wizards of the Coast and Digital Gaming segments (+10%) more than offset by declines in the Consumer Products segment (-19%) and the Entertainment segment (-31%) ).
There operational loss of $1,539 million includes $1.3 billion of non-cash goodwill and intangible asset impairment charges associated with eOne film and TV, a change in outlook for the balance of owned and operated production assets and inventory costs non-recurring. There net loss was 10.73 dollars per share, while theadjusted net profit it was $2.51 per share.
“Despite the macroeconomic contextwe are entering 2024 with a healthier balance sheet, a leaner cost structure and a diversified portfolio of industry-leading toy and game brands that support our ability to invest in the business and deliver on our commitment to returning cash to shareholders through our class-leading dividend,” said the CEO Chris Cocks.