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Hasbro Hasbro Reports Strong Revenue , Operating Profit and Earnings Growth in Third Quarter 2021 October 26 , 2021 Differentiated business model drives growth led by Entertainment and Wizards of the Coast and Digital Gaming segments • Third quarter 2021 revenues up 11 % to $ 1.97 billion o Entertainment segment revenue up 76 % o Wizards of the Coast and Digital Gaming segment revenue up 32 % o Consumer Products segment revenue down 3 % Operating profit of $ 367.9 million , or 18.7 % of revenues , up 9 % ● Adjusted operating profit of $ 389.6 million , or 19.8 % of revenues , up 6 % • Net earnings of $ 253.2 million , up 15 % , or $ 1.83 per diluted share ● Adjusted net earnings of $ 271.2 million , up 5 % , or $ 1.96 per diluted share • Nine - month operating cash flow of $ 685.6 million • Further reduced debt and maintained a strong cash position o Repaid $ 400.0 million of debt and funded the quarterly dividend o Quarter ending cash of $ 1.18 billion PAWTUCKET , R.I .-- ( BUSINESS WIRE ) -- Oct . 26 , 2021- Hasbro , Inc. ( NASDAQ : HAS ) , a global play and entertainment company , today reported financial results for the third quarter 2021 . " The Hasbro team performed at an extremely high level to deliver double - digit revenue growth , strong earnings and cash flow for the quarter , driven by our diversified business model , " said Rich Stoddart , interim chief executive officer . " While we mourn the passing of our long - time leader and friend Brian Goldner , our performance is a testament to the power and potential of the Brand Blueprint strategy he architected . Entertainment revenues were up significantly , as the business returns to pre - pandemic levels , and the momentum of the Wizards of the Coast business continued . These performances more than overcame a small decline in our Consumer Product shipments amidst global supply chain challenges in the quarter . Our teams continue to work around the clock to secure transport for our goods to meet the robust demand for Hasbro brands . " " The strength of the business is evident in the quarter's results , highlighting the benefits of our Brand Blueprint strategy to deliver strong revenue , earnings and cash flow , " said Deborah Thomas , Hasbro's chief financial officer . " Our established and experienced leadership team continues to execute on the vision we all share . We are also working tirelessly to ensure product for the holiday , and are pleased that , through today , we have delivered much of what was delayed in the third quarter despite continued supply chain challenges . Given the strength across our diversified business model , for the full year we continue to target double - digit revenue growth , currently expected in the range of 13 % to 16 % , and operating margins in line with last year's adjusted level of approximately 15 % . We have orders to support the high end of the revenue growth range , but there are supply chain factors out of our control which could impact our ability to fully achieve the upside . " Third Quarter 2021 Financial Results $ Millions , except earnings per share Net Revenues¹ Operating Profit Adjusted Operating Profit² Net Earnings Net Earnings per Diluted Share Adjusted Net Earnings² Adjusted Net Earnings per Diluted Share² EBITDA² $ $ $ $ $ $ $ $ Q3 2021 1,970.0 $ 367.9 $ 389.6 $ 253.2 $ 1.83 $ 271.2 $ 1.96 $ 443.0 $ Q3 2020 1,776.6 336.6 367.2 220.9 1.61 258.9 1.88 422.3 % Change 11 % 9 % 6 % 15 % 14 % 5 % 4 % 5 %