‘Peppa Pig’ Parent Hasbro Sees Film & TV Rebound, Beats Wall Street Q2 Forecasts; Stock Shoots Up 12% – Update

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‘Peppa Pig’ Parent Hasbro Sees Film & TV Rebound, Beats Wall Street Q2 Forecasts; Stock Shoots Up 12% – Update
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A strong return of its film and TV business, especially compared with a bleak 2020, helped Hasbro’s second quarter results easily beat Wall Street forecasts UPDATED with closing stock price

The Falcon and the Winter SoldierEvery division of Hasbro showed revenue growth in the quarter, reflecting an overall return to a more familiar business footing. In the spring of 2020, the company was coping with widespread impacts from the pandemic, which shuttered film and TV production and bogged down the supply chain.My Little Pony

is a key property in the back half of the year, with a new feature film slated for release on Netflix, a new line of products and related series in the works. On the feature film side, the company said production has begun on summer 2022 release

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