Description
Hasbro Inc.’s Magic Powerhouse Fuels 16% Growth And A Raised Outlook!
Hasbro Inc. reported solid results for the second quarter of 2026, supported by broad growth across its key franchises and business segments. Consolidated net revenue rose 16% year-over-year to $1.14 billion, driven primarily by the Wizards of the Coast segment and ongoing momentum in Consumer Products. Adjusted operating profit increased 14% to $282 million, with an adjusted margin slightly down by 40 basis points, partly due to a $56 million noncash impairment related to a strategic narrowing of its digital gaming portfolio. Adjusted earnings per share declined 2% to $1.28, reflecting this write-down. Wizards of the Coast continued to be the primary growth engine, delivering 27% segment revenue growth to $664 million and a 12% rise in operating profit to $270 million despite margin compression to 40.7%.
