Hasbro raises 2026 outlook after record Q2 Magic: The Gathering revenue
Hasbro raised its full-year 2026 financial outlook on July 21, 2026, after Magic: The Gathering surpassed $500 million in quarterly revenue for the first time, driving a 16% jump in overall company sales. The Pawtucket, Rhode Island-based company lifted its full-year revenue growth target to 5%-7% in constant currency, up from 3%-5%, and raised adjusted EBITDA guidance to $1.45-$1.50 billion. Second-quarter revenue reached $1.14 billion, beating analyst expectations of $1.07 billion, with adjusted earnings of $1.28 per share above the $1.14 consensus. The Wizards of the Coast and Digital Gaming segment led with 27% revenue growth to $663.8 million, fueled by the Marvel Super Heroes set debut. Consumer Products revenue grew 5% to $463 million, while Entertainment segment revenue fell 20%. The company recorded a net profit of $160.9 million, reversing a year-ago loss of $855.8 million. A cybersecurity breach identified in late March cut roughly $25 million from quarterly revenue and added $11 million in expenses. Hasbro returned $133 million to shareholders and paid down $55 million in debt during the quarter.
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Hasbro raises 2026 outlook after record Q2 Magic: The Gathering revenue
Hasbro raised its full-year 2026 financial outlook on July 21, 2026, after Magic: The Gathering surpassed $500 million in quarterly revenue for the first time, driving a 16% jump in overall company sales. The Pawtucket, Rhode Island-based company lifted its full-year revenue growth target to 5%-7% in constant currency, up from 3%-5%, and raised adjusted EBITDA guidance to $1.45-$1.50 billion. Second-quarter revenue reached $1.14 billion, beating analyst expectations of $1.07 billion, with adjusted earnings of $1.28 per share above the $1.14 consensus. The Wizards of the Coast and Digital Gaming segment led with 27% revenue growth to $663.8 million, fueled by the Marvel Super Heroes set debut. Consumer Products revenue grew 5% to $463 million, while Entertainment segment revenue fell 20%. The company recorded a net profit of $160.9 million, reversing a year-ago loss of $855.8 million. A cybersecurity breach identified in late March cut roughly $25 million from quarterly revenue and added $11 million in expenses. Hasbro returned $133 million to shareholders and paid down $55 million in debt during the quarter.