Hasbro Raises 2026 Forecast as Shares Advance More Than 11%

Hasbro shares gained $11.02 to close at $109.51 on Oct. 20, advancing just over 11% after the company exceeded third-quarter analyst expectations and lifted its 2026 outlook. Hasbro now projects full-year revenue growth of 7% to 9% on a constant-currency basis. It also raised its operating-margin guidance. Magic: The Gathering revenue rose 34% from a year earlier. Revenue from Wizards of the Coast and Digital Gaming increased 31%. For the third quarter, Hasbro generated $1.5953 billion in revenue, a 15% year-over-year increase, and adjusted diluted earnings of $2.90 per share. The company’s quarterly results provide further detail on those figures.

Source: TokenPost