Hasbro delivers Q1 revenue growth as MAGIC: THE GATHERING and Digital Gaming strengthen results.
Stock Earnings Results
May 20, 2026
Table of Contents
May 20, 2026
Hasbro, Inc. (NASDAQ: HAS) reported first-quarter 2026 results with higher revenue, stronger operating profit, continued growth in Wizards and Digital Gaming, and reaffirmed full-year guidance.
Hasbro is a games, intellectual property, and toy company with brands across tabletop gaming, toys, digital games, entertainment, and licensing, including MAGIC: THE GATHERING, Dungeons & Dragons, Monopoly, Transformers, Play-Doh, Nerf, and Peppa Pig.
The company reported adjusted EPS of $1.47 for the quarter. Revenue increased 13% year-over-year, driven by strong growth in Wizards and Digital Gaming.
Hasbro’s revenue increased 13% from the prior-year period.
Growth was led by Wizards and Digital Gaming, which rose 26%, while Consumer Products revenue was flat and Entertainment revenue declined 24%.
The Wizards and Digital Gaming segment was the strongest part of the quarter.
Revenue increased 26%, led by MAGIC: THE GATHERING, which grew 36%. Growth was supported by Q1 releases including Lorwyn Eclipsed and Teenage Mutant Ninja Turtles Universes Beyond, along with continued strength in backlist titles.
Monopoly Go! contributed $41 million of revenue during the quarter.
Hasbro reported operating profit of $270 million, up 58% year-over-year.
Adjusted operating profit increased 29% to $287 million, supported by stronger revenue and favorable business mix. Wizards and Digital Gaming generated $298 million of operating profit with a 51% operating margin.
Consumer Products revenue was flat in the quarter.
The segment benefited from growth in toys and games, including Star Wars products, but was offset by challenging licensing comparisons from the prior year. The segment reported an operating loss of $48 million, reflecting normal seasonality, tariff expense, and prior-year licensing comparisons.
Entertainment revenue fell 24%, mainly due to the timing and nature of deals.
Despite the revenue decline, operating profit improved to $17 million, helped by lower royalty expense.
Hasbro returned $106 million to shareholders through dividends and share repurchases during the quarter.
The company paid $99 million in cash dividends and declared a quarterly dividend of $0.70 per share, payable June 11, 2026, to shareholders of record as of June 1.
Hasbro deployed $96 million toward debt reduction during the quarter.
The company also issued $400 million of new notes, with proceeds expected to repay November 2026 maturities and repurchase higher-rate, longer-dated securities.
Hasbro disclosed unauthorized network access identified in late March 2026.
The company said the access has been contained, but it expects to incur legal and remediation costs in the second quarter. The full cost impact has not yet been determined, and Hasbro plans to seek reimbursement from cybersecurity insurers.
For 2026, Hasbro continues to expect:
Total revenue growth of 3% to 5% in constant currency
Adjusted operating margin of 24% to 25%
Adjusted EBITDA of $1.40 billion to $1.45 billion
Investors are likely to watch whether Hasbro can sustain growth in Wizards while improving Consumer Products profitability.
The key areas are:
Hasbro’s quarter showed that Wizards and Digital Gaming remain the company’s main growth engine.
The company delivered stronger revenue, higher operating profit, and reaffirmed guidance, but Consumer Products margins, tariff pressure, Entertainment volatility, and cybersecurity-related costs remain watch points. The next test is whether Hasbro can turn strong Wizards momentum into broader company-wide growth through the rest of 2026.
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