D&D General Hasbro Q3 Report and Analysis of DnD 2024

OptionalRule

Hyperion
Just put together a detailed breakdown of Hasbro's Q3 financials on my blog. Thought I'd share some quick highlights since we often discuss this here:
  • Wizards' operating margin is 44.9% (meaning they keep $44.90 of every $100 they make, which is actually pretty impressive)
  • Year-to-date gaming revenue is up 3%, but Q3 was down 6% compared to last year
  • That Q3 drop? Largely because Baldur's Gate 3 was pumping up last year's numbers
  • Overall, Hasbro seems stable but carrying significant debt
The full post goes deeper into what these numbers actually mean for D&D's future and Hasbro's digital strategy. No speculation, just data from the actual report and what we can reasonably conclude from it.

If you're interested in the nitty-gritty details (including some interesting stuff about their inventory management and cash position), you can find the full analysis here:

The DnD 2024 Launch and the Future of Hasbro

Would love to hear your thoughts, especially from folks who follow the business side of the hobby.

[Note: I've reviewed the actual Q3 report, and this analysis is based on the raw numbers, not the usual rumor mill stuff we see floating around.]
 

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