30.10.2024

Hasbro: Monopoly Go! generates $10 million in royalties monthly, while revenues from BG3 are expectedly declining

Last week, Hasbro reported its financial results for the third quarter (ended September 30, 2024). Here are the key points concerning its gaming business.

Baldur’s Gate 3 (left), Monopoly Go! (right)

  • The company’s net revenue totaled $1.28 billion, a 15% decrease year-over-year.
  • Hasbro also achieved a net profit of $223 million. In the third quarter of 2023, the company had a loss of $171 million.
  • Revenue from the segment that includes Wizards of the Coast and video games fell by 5% to $404 million.
  • Despite increased revenues from Magic: The Gathering and steady performance from Monopoly Go!, Hasbro recorded an expected decline in licensing revenue from Baldur’s Gate 3.
  • For the entirety of 2024, the company expects to earn $35 million from BG3 (previous forecast was $30 million). Most of this amount has already been received in the first three quarters.
  • In a conversation with investors, Hasbro CEO Chris Cocks emphasized that the company still counts on a long tail of sales for Baldur’s Gate 3. The management is confident that the game’s quality and Larian’s approach to supporting their projects will allow them to earn royalties — albeit in smaller volumes — over several years.
  • Royalties from Monopoly Go! consistently bring the company $10 million monthly. Hasbro expects that the Scopely mobile hit will continue to provide stable income for many more months.
  • As for the full-year forecast, the company still expects revenues from Monopoly Go! to reach $105 million.

Source:

Hasbro
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