Hasbro reported a stronger financial performance in the second quarter of 2026, driven by growth in its Wizards of the Coast and digital-gaming segments, prompting the company to raise its full-year revenue and earnings forecasts.
For the quarter ended June 28, Hasbro posted a profit of $160.9 million, or $1.12 per share, reversing a loss of $855.8 million, or $6.10 per share, from the same period a year earlier. On an adjusted basis that excludes certain one-time items, earnings amounted to $1.28 per share, surpassing analysts’ expectations of $1.14 per share. Revenue increased 16% year-over-year to $1.14 billion, exceeding projections of $1.07 billion.
The company credited much of the revenue growth to continued strength in its Wizards of the Coast and digital-gaming segment, which includes popular games such as Magic: The Gathering and Dungeons & Dragons. This segment has successfully expanded its appeal among teens and adult gamers, contributing significantly to Hasbro’s improved results. Revenue within the consumer-products division rose 5%, bolstered by sales linked to the release of Star Wars merchandise tied to “The Mandalorian and Grogu.” This growth partially offset a 20% decline in the entertainment division, which the company attributed to the timing and nature of its licensing deals.
Despite the positive momentum, Hasbro's recent quarter was impacted by a cybersecurity breach disclosed earlier, which the company said reduced revenue by approximately $25 million and caused operational disruptions. Hasbro indicated that it expects to incur additional costs related to the incident in coming periods.
In light of the stronger-than-expected second-quarter results, Hasbro revised its full-year guidance, now projecting revenue growth of 5% to 7% on a constant currency basis, up from a previous range of 3% to 5%. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) are forecast to reach between $1.45 billion and $1.5 billion, an increase from the earlier projection of $1.4 billion to $1.45 billion.
Hasbro’s updated outlook reflects confidence in its core gaming and consumer products businesses, even as it navigates challenges related to cybersecurity and fluctuations in its entertainment licensing revenue.