WotC Hasbro's Tabletop Is On The Up Again

After a disappointing 2023, latest earnings call from Hasbro shows tabletop games starting to recover.

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After a disappointing 2023, with hobby channel sales struggling and a reported decline in Dungeons & Dragons, the latest earnings call from Hasbro, covering the first quarter of 2024, shows tabletop games starting to recover.

Total gaming sales (which includes everything from Magic: the Gathering to Monopoly) were up 6%, with Wizards of the Coast in particular showing strong growth of 7%.
  • Hasbro's overall revenues: -24%
  • Digital and licensed game sales: +14%
  • Overall tabletop gaming: +5%
  • Magic the Gathering: +4%
Overall, Hasbro showed a 24% drop in revenues, partly attributed to the sales of Hasbro's film and TV business. Tabletop sales, however, showed growth, led by Magic: the Gathering.

The report calls out the success of Baldur's Gate 3, and talks about new licensing agreements with video game studios Resolution Games and Game Loft, along with partnerships with companies like LEGO.

Magic: the Gathering is expected to be down in 2024 after a record 2024, with WotC's revenue expected to drop by 3-5%.

Also mentioned are "more exciting innovations from our D&D team later this year as we continue to scale D&D Beyond and expand the richness of tabletop gameplay to digital."
 

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Meech17

WotC President Runner-Up.
Seems to work for Fortnite and Roblox and I'm assuming tons of other online games... I'd rather have it be skins than something you need to play the game.
Magic arena is especially rough because you get pboth. Avatars, card sleeves, alternate art.. Cosmetics that have no impact on the game.

Then you also obtain cards the same way you do in paper, by buying packs. So you're forking up real money, to gamble on a chance to get fake cards. As @FrogReaver says, you can't even trade them. There's no dust/redemption method either so you can't grind up a bunch of worthless cards into credit to craft needed ones.

It's a pretty predatory model baked into an otherwise rather great game client.
 




mamba

Legend
I am surprised they expect a dip for the rest of the year, given the new core books

“Looking ahead, Hasbro expects Consumer Products revenue for the year to decline 7-12%; Wizards of the Coast revenue to dip 3-5%”
 

bedir than

Full Moon Storyteller
I am surprised they expect a dip for the rest of the year, given the new core books

“Looking ahead, Hasbro expects Consumer Products revenue for the year to decline 7-12%; Wizards of the Coast revenue to dip 3-5%”
That's a dip for all of WotC, which shouldn't expect nearly as much money from BG3 and Monopoly GO! as they got in the launch year for both.
 

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