Bloomberg Podcasts · Hasbro CEO Chris Cocks Talks Oil Costs, Video Games | Bloomberg Talks

1. 1. Hasbro CEO Chris Cocks clarifies that the majority of the company's business and growth stems from games, licensing, and digital products, not primarily petroleum-intensive toys.
2. 2. Wizards of the Coast, home to brands such as Magic: The Gathering, drives over half of Hasbro's quarterly revenue and experienced 26% growth in the first quarter.
3. 3. Cocks considers the current decline in Hasbro's stock price as a buying opportunity, emphasizing the company's structural advantages as a "collector's gaming and IP company."
4. 4. Hasbro consistently aims to "underpromise and overdeliver" on its financial projections, providing tempered guidance despite strong growth, which Cocks believes benefits investors.
5. 5. A $100 per barrel oil price results in a manageable $30 million cost headwind for Hasbro, which is minor compared to its annual EBITDA of $1.4 to $1.45 billion.
6. 6. Hasbro boasts a robust entertainment slate for the immediate and near future, featuring major releases like new Star Wars, Toy Story 5, Spider-Man, and Avengers films.
7. 7. A new Magic: The Gathering animated series is scheduled to debut next year, poised to significantly propel Hasbro's largest and most profitable brand to new levels.
8. 8. A live-action Monopoly feature film is currently in development, a collaborative effort with Lionsgate and Margot Robbie's LuckyChap production company.
9. 9. Monopoly Go is recognized as the biggest mobile game in history, generating annual licensing revenue equivalent to two blockbuster movies.
10. 10. Hasbro's business is highly diversified, encompassing toys, games, collectibles, digital games (through both licensing and first-party publishing), and an extensive licensing operation with over 1,000 partnerships.