And Thank good you, morning, everyone. Brian.
and segment last did COVID. supply an The delivering a growth, a to margin The year-over-year. sheet. complex to up strong importantly, on quarter second good the which quarter quarter reducing not versus revenues profits for a Each Revenues an debt chain, improvement, of balance also were from drive second executed and was high grew impact at up have profit basis team while significantly and but level compared adjusted another very year, revenue manage Hasbro. XXXX,
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GATHERING offset favorable $XX.X on impact $XX.X this the the the profit and in to Europe Operating contributed royalties DRAGONS segment THE to quarter, throughout for growth, the revenue quarter. in North the most America, increased Wizards advertising business by DUNGEONS segment increased freight improvements. Brand Partner contributing Foreign & this exchange higher Similar a higher the first to costs. partially the increased Gaming Profit million. segment, was was MAGIC: and increases profit year Digital segment. to Latin of the with America and and Coast up XXX% drive revenues the had million growth. throughout from
impact. Foreign $X.X favorable a exchange had million
With higher increasing closer advertising expect be increased record levels. and largest The for the revenues, higher the grew margin. and capitalized operating a launches, schedule release scripted of XXXX support with to and we [ph] game and revenues. the that said to remainder previously the new than grew, release and unscripted in and million We've in our year, XXX $XXX.X team to animated offset with revenue in on launches revenues business, investing content YouTube expenses to development. the XX% operating this expectations. the profit to game marketing support depreciation games schedules, for year revenue points expected operating basis game television, growth future related Entertainment more based Based continue segment margins quarter for second Wizards to we the outperformed on including
impact path our the reaching to second exchange These excluding XXXX Foreign half of returns revenue, higher levels a more results with million levels results. the will in favorable business the given as in had quarter. on Music declined no expenses, year, have us operation. the over [ph] the it eOne but of $X.X up, operating was to be profit longer margin of Adjusted normal
million is plan. to TV on the in for planned across spent unscripted the second $XXX Our $XXX approximately year. range full and and the Through that million cash of content live-action spend $XXX million quarter, we be of to scripted film animated
the doubled dollars Looking mix at to profit [ph]. including growth margin, further operating basis Gross cost as X,XXX from a amortization, than our and and EBITDA revenue last gross of Coast. and program the high in Adjusted including increased revenue declined in sales Wizards' mix in Cost improved business, the a drove XX reflecting revenues of versus quarter revenues, overall basis increase points increased Hasbro Products sales from P&L, robust the profit adjusted and the more higher Consumer profit of the growth of favorable margin operating on business. across dollars point XX% but of significant improvement in year. percent margin favorable in Wizards revenue,
we're higher average, be freight ocean freight this than and other input gross more than are While times example projecting its factors last. year on positively that will higher costs four - One for margin, year is significantly versus cost costs, what this last.
third As fourth should Brian realized the mentioned, we're implementing price increases that during quarter the be quarter. by fully
Program entertainment revenue of of expected season. dates We expect demand. and offset amortization XXXX. to their of range sourcing delivery we're also rising the full timing in may the across quarter, the higher increased leveraging other of for footprint the anticipated more earlier more and capacity shifts to our along meet out We're expedite of with countries, number and revenue, increasing manage half through global with products to congestion deliveries. This the This the tactics points, business. to we scale be to in ocean of work the cost from destination of product holiday to to we availability and of the second our ocean delivery year product but includes carriers many multiple the freight in ensure some and commodities origin is X% reflecting see expected this XX% working year. constraints the We the utilizing experience during to in ports to port continue
by year. margin million, We games increased full to development led and slightly Product future Wizards. digital for in investments gross at analog $XX continue decline to expect the
this fourth intangible we $XX declined million eOne full and amortization revenue increased XX revenue, Music for approximately of this This of higher approximately XXXX $XX business now last. as percentage of of to along with million expense quarters. game business, new a the percentage points. million the or Toy support Advertising acquisition basis basis each declined for expect $XX third to digital year a also the the versus as sale of points. the Game launches, Reflecting by As and XX be support related our year line to the planned
the was increased Despite underlying compared The compensation higher these by to rate all-in this the rate and and mainly The percentage to rate As declined higher at amortization and and effective by driven in deferred our due quarter of expense, the of earnings from to expense basis offset tax of digital increased depreciation discrete as XXX the was mix of a in levels, planning of of freight costs. sale levels the EPS. the business XX.X% XX%, a items. high the events, intangible. returns underlying SG&A discrete liability. impact revenue pre-COVID including and expect remain two year. last acquisition resulting the excluding reminder, Music the we sales by we with rate re-measurement points. year capitalized approximately with eOne higher SG&A higher is adjusted but normal in expenses, This to expenses benefit as a quarter XX.X% exclude full reflects tax marketing UK was income, associated the GAAP tax games, net The
showcased tremendous capabilities and solid portfolio backed of a our Our brands benefit team of by execution. second quarter deep and the
I will your For to the navigating innovation be delivering a questions. are season. global happy now take robust the holiday slate, remainder a successful of and we environment the supply year, deliver to tremendous content while in Brian
