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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Morrus

Morrus is the owner of EN World and EN Publishing, creator of the ENnies, creator of the What's OLD is NEW (WOIN), Simply6, and Awfully Cheerful Engine game systems, publisher of Level Up: Advanced 5th Edition, and co-host of the weekly Morrus' Unofficial Tabletop RPG Talk podcast. He has been a game publisher and RPG community administrator for over 20 years, and has been reporting on TTRPG and D&D news for over two decades. He is also on the socials.

CleverNickName

CleverNickName

Limit Break Dancing (He/They)
Hm. Not stellar, but not the doomsday scenario that YouTube would have me believe.

That $47M loss for "Consumer Products" is gonna sting. I'm assuming this is for their non-D&D board games and such, since it's not under the Wizards of the Coast column. I wonder how that tracks with other board game/toy companies, like Mattel or Fisher-Price--like, is this loss typical for all toy/board game companies this quarter? or is it unique to Hasbro?
 
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Cadence

Cadence

Legend
Supporter
CleverNickName said:
That $47M loss for "Consumer Products" is gonna sting. I'm assuming this is for their non-D&D board games and such, since it's not under the Wizards of the Coast column. I wonder how that tracks with other board game/toy companies, like Mattel or Fisher-Price--like, is this loss typical for all toy/board game companies this quarter? or is it unique to Hasbro?
Click to expand...

For both of these start about 3/4 of the way across the first line...

1713980013817.png


and

1713980056152.png
 


Cadence

Cadence

Legend
Supporter
Scribe said:
Trying to boost 'collectability' revenue while they print everyone's collections into dust and degrade the value of MtG via ruining various formats?

pop tv good luck GIF by Schitt's Creek's Creek
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Still lots of not cheap cards out there.

The part that got me is that they brought collectibility up in regards to online play too...
 

Scribe

Scribe

Legend
Cadence said:
Still lots of not cheap cards out there.

The part that got me is that they brought collectibility up in regards to online play too...
Click to expand...
There are some yes, I'm still in the process of selling parts of my collection and some values surprise me. Maybe it's just my collection that was mostly gutted.

Online and collectible? Hell no. Either people are even more foolish than I am, or that's just all kinds of terrible in concept.
 


Scribe

Scribe

Legend
Meech17 said:
Skins sell battle passes in many online games.

Also, how many dorks bought those NFT Apes?

Lots of people willing to shell out for collectable pixels.
Click to expand...

Yeah, so its going from something that has a potential value. To skins that you dont own, tied to an account that can be deleted at any time.

So yeah, more foolish than I.
 


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