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  • toymaker Hasbro beat expectations for profit and revenue on Monday.

  • It comes as families stuck at home during the global health crisis brought toys and board games to keep their Children entertained.

  • Revenue from gaming brands like Monopoly, Scrabble and Dungeons and Dragons jumped 21% to around $543 million in the third quarter.

  • Net revenue rose just under 13% to $1.78 billion over the period, beating analyst predictions of $1.75 billion.

  • Both Hasbro and rival Mattel have seen a recent sales boost.

  • Hasbro said it was well positioned for a quote good holiday shopping season, but did not provide a sales forecast.

  • Last week, Mattel said it expected mid single digit growth in gross sales, but analysts largely expect Hasbro to beat that.

  • It wasn't a lot positive news for the company on Monday, however, it said production delays caused by the virus had pushed revenue from its TV, film and entertainment business down almost 30%.

  • Hasbro shares have gained more than 11% this month, but fell 2% in premarket trading.

toymaker Hasbro beat expectations for profit and revenue on Monday.

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