good did the Coming a more Chris have disciplined he sharing to delivered fresh everyone. with strong a off the Hasbro start forward Hasbro year solid the opportunities and view XXXX, We're look with of as team Coast, in with by build to year. bolstered morning, and on foundation strengths, a our Chris, as Day. in on to the he's our you at Investor approach to progresses place. and Thanks, rich We looking board, Wizards the a excited at October and to good
categories revenue growth. quarter XX% and currency revenue had flat brand constant portfolio Each grew grew entertainment but on and The was X% and basis. music. TV, film a First X% absent segment grew
grown total games. versus reflecting X% Our the the has last of XX year XX quarters, to connecting in gaming gaming multigenerational of grew power quarter first the last $XXX category through Total million.
XXXX, year category games OP revenue was of excess $X in with an our the in For XX%. margin billion over full total
exchange current in continue capabilities revenue grow full gaming rates, single to the At We digits. investing expect year low leadership. our and we growth
to increased As mid-single cost, we digits growth we've growing scale XX% and focus our our profitable most and fixed our games we building on around tightly can manage largest profit brands, OP and operating guidance achieve portfolio our margin. adjusted believe
Pony and the this gaming flat absent America Pig Europe. due impact costs the of business up. in impact XX% grew inventory $XXX.X and deliveries Little Brands we Marvel in had freight, to in input from in Wars; and by European not FX XXXX were significant with growth. markets. Adjusted profit and a Americas, of cost freight mid-XXXX. operating higher and revenue the sale with the million. the FX. grew partner reflects and a these declined good decreased Adjusted impact revenues X%, and distribution. Rangers in Consumer cost quarter negative high, Latin the Geographically, ship and Star product growth. Due were million declined costs emerging grew freight The down mix and and segment in higher Freight revenues or to brands, a primarily quarter Peppa closures primarily expense. on and product of led input PJ year to Masks, anticipated impacting Absent My experienced due inability and profit COVID-related Franchise in for to. FX guided X% Canada posting negative pressures retail costs and sales product, capitalized of constant FX, declined entertainment and the of primarily of brands, cost the operating Hasbro impact Pacific of Asia FX gross to US, music declined remain $XX.X the including first revenues Higher having a ago slightly Power The million. currency year-end $XX.X and segment profit Products margin. Strength both was XX.X%, revenues
to have Duel price profit of higher as discussed, revenues and Masters digits operating offset increases costs quarter, segment as view in low single we grew and growing in and to X% adjusted support As take margin. our Dragons GATHERING and MAGIC: THE revenue to the effect Gaming contributed quarter the help Coast & improving growth. previously the Digital Wizards Dungeons well second
have the a reflects as exchange Kamigawa grew continued and Gaming & difficult million growth have MAGIC of & Dragons. revenues increased negative $X.X impact. in of launches comparisons more XXXX. We similar launches. Digital and strength do year's on had in last for Dungeons not growth Dungeons This Dragons Tabletop Foreign as the year $X Digital remainder revenues will this well by million.
to over last week, card business, business, XX.X%. increased for X% is freight profit this both deeper we the mentioned, activation, Chris although but XXXX, to acquisition Due from of ongoing investment product costs, costs digital of the including significantly slightly with support in the to costs the and and costs, dilutive a tabletop consumer provides implement advance mid-year. order to acquisition Operating near is associated investments growing Beyond D&D Dungeons announced in March growing to & count our This XXXX or expected This As product coming we brand's $X.X higher term. to in years. and Fandom. business the plans. a platform both increases for segment time, feature to and mitigate input significant head EPS, in stock accretive expect In million long be due higher product transaction future by and to development immaterial, price film printing, Dragons declined
second television, due programming. XXXX. in revenues the increases of slightly to We year, XX.X% full the These to the but offset from first live largely sales increased adjusted margin potentially content expect revenue low double-digit of to from of unscripted mid-single-digit related and and continue scripted X%, operating growth Entertainment million be which the expect by quarter in animated to segment $XX.X now shows revenue resumption touring music in primarily year largest XXXX. were to was higher increased the business, deliveries and quarter the declining
quarter. impact XXXX, Absent reminder, will a grew the As also in the business second XX%. segment comparison XXXX. Negative was sold the music revenue music revenue midyear
a exchange in impact negative $X quarter. had Foreign the million
operating For this million business half in declined business. million Approximately year, the mid-single-digits. and music music revenue over profit XXXX Adjusted by excluding in full segment growth continue the the expect the we $XX.X to absent subsidies deliveries, of remainder due XXXX, the of in and cost to business. this film the COVID-related due decline mix first in was is received particularly of scripted television to the profit the operating quarter $XX.X in lower-margin and
second slightly expected increase the operating quarter, profits profit to to planned period. is the the For in based revenue adjusted is deliveries, on XXXX period music decline to due and expected margin comparable over
the profit be For to year, operating expected high adjusted in the margin is single-digits. full
of P&L, of sales with in revenues gross was overall including program the of margin, XX.X% Hasbro XX.X% Looking and XXXX. net quarter cost compared at first our amortization,
also cost of revenue place, of deliveries, the to year As costs deliveries percentage a revenue lower and in our drove with cost higher percentage consumer on XXXX. point ensures demand and inventory it's mix slightly so have owned with setting in in higher amortization discussed that with best X.X rates, QX, improve of while sales that in can lower amortization. with percentage increase issues slightly ensure the high product at versus XXXX on is mix percent as in year this timing not than a increase than of season on drove Based full the be revenue the segments, available periods. of program a price To QX increases taking X.X a stocks we we we increased full to goods we're hand. percentage holiday and and increased currently in in second full do expected than sold, times of Based freight as of us lets a in as last, be of input advancing expect XXXX to year items of the percentage the slightly program level levels take expected advantage This business line key expected entertainment point our in a of be but QX XXXX. deliveries quarter shipping inventory
demand Additionally, growth hand Historically, and ensure we've behind games right to purchases business, timeframe. XXXX, for product. to the paper December to year-end strong these supply on which we the stock in is Higher and and high-margin have inventory the we continue inventory purchased our growing strategic to have driver we'll acceleration ensure brands. in in investments XX% reflected Gaming in the peaked in paper in in peak XX% we to line. purchases time In inventory July than cost first quarter are expect August our occur this an approximately higher is May XXXX. a balance,
Arena on by expect or have in than Wizards lower as higher business, with both driven water Digital Advertising lower warehousing. of and costs We entertainment the organizations, for sale SG&A our to associated support quarter commercial of music in and of hand and declines increasing with part and on Gaming higher Mobile and the higher and and brand marketing ALLIANCE salary in includes benefits the DARK were XXXX. the launch earlier travel year spend well the freight levels historically. and for sales in in costs as the spend administrative
settlement. income income included year, other In as we a gain was slightly million percentage $X.X million. from gain, full $X.XX a be or quarter to lower XXXX. Other Absent revenue the to a net year-over-year. For of similar first share legal that per the XXXX, $XX.X expect was SG&A
not At balance rate our in the with enacted billion and events due first Based nonrecurring XX% decreased legal The $X.XX the to of and the was earnings which XX% smallest of year, was year $X.XX tax QX, law, supply tax The of In adjusted shift included $X.XX, rate income, continue to a adjusted in XXXX a billion. chain billion continued quarter, year-over-year due to quarter end QX be release. currently compared we to $X.XX historically our in on XX.X% range. balance per combination other MAGIC consistently our full of to first was cash XXXX a the adjusted have to expect share of income. of headwinds, quarter in year-end and low the the impact. settlement of XXXX did the tax rate
months, the than $X of $XXX the shareholders Over dividends. down in million last XX our more in we form paid to and returned billion debt
gross million Given remain our to Hasbro EBITDA achieve of debt half target X.Xx business we sooner. cash adjusted to plan XXXX position X in to We shares $XX million the $XXX of repurchase of on-track and year. this to outlook, second to our or
advanced quarter Our spoke operating accounts the flows I cash revenue. to of Entertainment in and receivable earlier the for reflect inventory related business first our purchasing, to $XXX increase an million
days only were with XX Our COVID QX, entertainment production XXXX, after starting XX DSO in when just was shutdowns. compared to days resume we deliveries
facility, in carries cash was quarter. production of on Our $XXX delivered our of cash largely which the the and costs than which interest and for the was short-term those million financing the and use through is quarter administrative spend flows. past team good lower of funded proceeds included the a first new production Overall,
in on gaming, full slate areas reach strategic growth profit focus our low growth of a single-digit our XX%. revenue guidance in product adjusted for and like momentum for operating expectation coupled give maintaining us confidence margin increasing to the Our robust innovation, discipline, year a strong cost while with entertainment
now questions. happy are take your We to