This story has been corrected to reflect the total gaming revenue numbers. Hasbro’s total gaming revenue, including Magic: The Gathering, Monopoly and others, fell 19% in Q2. Revenues fell from $393.4 million in 2019 to $319 million this year. The figure drops to 4% when looking at the last six months ending in June. Hasbro’s “Gaming” category …
IDW Media Holdings, the parent company of IDW Games, recorded a loss of almost $40,000 with $11.6 million in revenue for their fiscal period ending in April. The result was much better than previous quarters, even as the company dealt with the shut down of its comic division and travel publishing business, CTM Media Group. The …
IDW Shows Solid Results Despite Pandemic Setbacks Read More »
Mattel have accelerated a planned 4% reduction of non-manufacturing workforce. The action was designed to “streamline organizational structure and restore profitability.” The plan was pushed up due to the impact of the pandemic. The company expects to save $40 million in cost savings in 2020. The company reported a loss in its first quarter financial reports …
Mattel to Reduce Non-Manufacturing Workforce by 4% Read More »
Gaming was the highlight of the first quarter for Hasbro, despite an overall company loss of $69.6 million. “Hasbro brands are resonating as people spend more time at home, including games for families to play together and Play-Doh as kids engage in more creative play,” the company said in the first quarter release. The total gaming category …
Hasbro Gaming is Highlight of First Quarter, 40% Growth Over Last Year Read More »
Due to public health concerns regarding COVID-19, Hasbro will hold its Annual Meeting in a virtual format only. No shareholders or guests will be able to attend in person. The meeting will be 11 a.m. EDT on May 14. Shareholders of record of the Company’s common stock as of the close of business on the record date, …
In a public post on their website, CMON have corrected some media speculation about the term ‘going concern’ as relating to their current financial situation. The company explained how ‘going concern’ is an accounting term used to describe how liabilities can out weigh assets and will occasionally show up in financial documents they are required to …
CMON Responds to Business Speculation, Reassures Consumers Read More »
Hasbro will webcast its first quarter 2020 earnings conference call on Wednesday, April 29, 2020 at 8:00 a.m. Eastern Time, following the release of their financial results. Certain financial and statistical information included in the webcast, such as information required by Regulation G, will be available at the time of the webcast on Hasbro’s Investor Relations website. …
CMON Limited, which is traded on the Hong Kong Exchange, suspended stock trading on April 1. The suspension was announced on March 26 after it revealed there would be a delay in the release of their 2019 Annual Report. CMON had seen a steady decline in share price since the first of the year. The day …
CMON Suspends Stock Trading, Independent Directors Resign Read More »
Spin Master will report its first quarter 2020 financial results after markets close on Wednesday, May 6, 2020. The company withdrew its 2020 outlook on March 19 due to uncertainty related to the spread of COVID-19. Ronnen Harary, Co-Chief Executive Officer and Mark Segal, Chief Financial Officer, will host an investor conference call on Thursday, May 7, 2020 at 9:30 a.m. …
Spin Master to Report Q1 Results May 6, Asks Shareholders Not to Attend Annual Meeting Read More »
Games Workshop have posted preliminary estimates of sales of not less £140 million and profit before tax of not less than £55 million for the six months to December. In a statement to investors, the company said that profit and revenue are up compared to the same period last year. They also said royalties receivable are …
Games Workshop Announce Gains Going into December Read More »