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April 23, 2018 - Hasboro not doing so Hot

Hasboro, the parent company to Wizards of the Coast, has released its earnings report for Q1 of 2018, and the numbers do not look so hot. The earnings for the company are down 20% from last year, which is a significant downgrade. It is very difficult to know what this might mean for Wizards of the Coast or Magic the Gathering specifically, as there is not enough detail in the report to know where these losses came from. There is also a lot of broad moves within the company, such as Toys 'R' Us filing for bankruptcy, so this should not be seen as a specific sign that MTG is struggling. Still, this is an important piece of news to watch, since changes in Hasboro could have a big impact on MTG, and the trading card game ecosystem more broadly. You can read the earnings report here.