The company said net revenues for fiscal 2023 decreased 15% to $5,003.3 million from $5,856.7 million in 2022, and that it swung to an operating loss of $1,538.8 million, or 30.8% of net revenues, from operating profit of $407.7 million in 2022.

1. 01

   The company said net revenues for fiscal 2023 decreased 15% to $5,003.3 million from $5,856.7 million in 2022, and that it swung to an operating loss of $1,538.8 million, or 30.8% of net revenues, from operating profit of $407.7 million in 2022.

2. 02

   Hasbro said it recorded non-cash goodwill and asset impairment charges of $1,307.2 million in the Entertainment segment, including $960.0 million for Family Brands goodwill and $231.2 million for eOne Film & TV goodwill.

3. 03

   The company said it sold its eOne Film and TV business to Lionsgate on December 27, 2023. It said it de-consolidated assets of $1.5 billion and liabilities of $542.0 million as of the closing date and recognized a loss on disposal of the business of $419.7 million in Q4.

4. 04

   The company said net revenues in the Wizards of the Coast and Digital Gaming segment rose 10% to $1,457.6 million in 2023, and that total gaming portfolio revenue increased 4% to $2,074.4 million.

Key figures

Fiscal year ended December 31, 2023

Revenue

$5.0B

Operating income

−$1.5B

Net income

−$1.5B

EPS

−$10.73

Operating cash flow

$726M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.