How Netflix and Disney Helped Hasbro Stock Rocket Higher After Q2 2021
After months of lackluster performance, Hasbro (NASDAQ: HAS) is finally showing signs of life again following its Q2 2021 earnings update. Total revenue skyrocketed 54% higher than a year ago to $1.32 billion, handily beating many Wall Street analysts' expectations.
But for shareholders following the development of the leading toy maker since its big acquisition of Entertainment One (eOne) right before the pandemic, this comes as less of a surprise. Hasbro is only just beginning to unlock the value of the TV and movie streaming industry.
In spite of the effects of the pandemic, Hasbro had a decent enough showing in 2020. Strong gaming and toy sales helped partially offset weakness elsewhere, including big double-digit declines in its newly formed TV and filmed entertainment segment created by the eOne takeover.
Source Fool.com
