Revenue increased 6% during the quarter, driven by 6% growth in the U.S. and Canada market and an additional 9% growth in its international segment. Additionally, Hasbro's net income increased by almost 4.7% during the quarter, reaching $138.2 million.
After Hasbro filed suit against Scrabulous, a Facebook application very similar to the game of Scrabble ( Hasbro owns the intellectual property of Scrabble). As a result, the applciation has been disabled in the US and Canada.
Hasbro has had strong growth in both its boys and girls division, with revenue up 29% and 23% respectively for the quarter, which resulted in top line growth of 13% to $704.3 million for the first quarter of 2008.
Hasbro earned revenues of $704.2 million in Q1, an increase of $78.9 million or 13% compared to $625.3 million a year ago.
Hasbro acquired the intellectual property rights for the Trivial Pursuit board game from the Horn Abbot Companies for $80 million.
Hasbro has signed with Universal Pictures to produce at least four movies based on the board games Battleship, Monopoly, Ouija, and Candy Land. The movies will be released throughout 2010 and 2011.
Hasbro reported 4Q 2007 results on February 11, 2008. Shares rose on a 24% increase in profits from the same period a year before. The company was able to avoid recalls due to lead based paint, which helped earnings this quarter.
Hasbro announced its third quarter earnings results on October 22nd. The company had a very strong quarter with quarterly profit rising 62% over the same period in 2006. Shares rose 4.33% in the days following the announcement.
Hasbro announces first quarter 2007 revenues up 36% in the North America segment and up 29% in the International segment.
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