Goldner also mentioned Magic: The Gathering, Monopoly, and Operation as game properties doing well in either the conference call or the Mad Money appearance.
Hasbro’s overall revenue was up 11% over the same period last year, to $972.5 million, with more than $273 million of those sales from games. (Hasbro splits its game sales between “Gaming” and “Franchise Brands.” “Franchise Brands” includes key house brands such as Magic: The Gathering and Monopoly. The $273.3 million in sales and 20% growth numbers include all game sales, including franchise brands, and the digital components of those sales.)
Goldner called out Twitch as driving interest in both D&D and Magic: The Gathering, with one million people watching Magic: The Gathering tournament play each month, and D&D channel views in the “millions.”
Game sales growth accelerated over Q1, when the growth rate was 10% (see “’Magic’ Down and ‘D&D’ Up”).
Goldner promised a major announcement about the next phase of digital gaming for Magic: The Gathering at the company's upcoming Investor Day presentation.
Earnings were up 30% from the year ago period, to $67.7 million for the quarter.
Despite the hefty sales and profit increases, the stock dropped over 9% on Thursday, a sign that expectations for Hasbro were sky-high.