Posted 2/14/2024, 10:51:38 AM
Hasbro Sees Record Baldur's Gate 3 Revenue, But Broader Struggles Remain
- Baldur's Gate 3 has earned Hasbro $90 million since releasing in 2023 thanks to a licensing deal
- The game's launch helped drive a 7% revenue increase for Wizards of the Coast in 2023
- Hasbro expects 3-5% decline in Wizards revenue in 2024 due to Baldur's Gate 3 success being hard to replicate
- Despite Baldur's Gate 3 success, Hasbro operated at $1.5 billion loss in 2023 and laid off 6,500 workers
- Hasbro CEO optimistic about company's "Fewer, Bigger, Better" strategy driving growth in 2024 and beyond