Hasbro reported second-quarter 2026 results with revenue of $1,139.6 million, a 16% increase versus the prior year, driven primarily by Wizards and Digital Gaming. Adjusted operating profit was $282.2 million and adjusted diluted earnings per share were $1.28 for the quarter. The company raised its 2026 outlook and announced continued share repurchases under a $1 billion authorization.

Financial Highlights

  • Revenue: $1,139.6 million for the three months ended June 28, 2026 (up 16% vs. prior year).
  • Operating profit (GAAP): $252.5 million for the quarter; Adjusted operating profit: $282.2 million.
  • Net earnings attributable to Hasbro: $160.9 million for the quarter; diluted net earnings per share: $1.12.
  • Adjusted net earnings per diluted share: $1.28 for the quarter; Adjusted net earnings (quarter): $183.5 million.
  • Cash flows and capital actions: returned $133 million to shareholders in the quarter (dividends and repurchases) and deployed $55 million toward debt reduction; cash and cash equivalents at June 28, 2026 were $880.5 million.

Business Highlights

  • Wizards and Digital Gaming led growth: segment revenue rose 27% to $663.8 million, with Magic: The Gathering up 32% and tabletop gaming up 30% year-over-year; Magic quarterly revenue exceeded $500 million for the first time.
  • Digital and licensed gaming grew 17% and Monopoly Go! contributed $44 million of revenue in Q2 (year-to-date $86 million).
  • Consumer Products showed momentum with 5% revenue growth driven by entertainment releases (Star Wars: The Mandalorian and Grogu) and GEM2 category strength, despite disruption from an unauthorized network access incident.
  • Entertainment revenue declined 20% in the quarter due to deal timing; operating profit and adjusted operating profit impacted primarily by timing differences.
  • Operational impacts and remediation: company identified unauthorized network access in late March 2026, incurred $11 million of direct incremental expenses in Q2 and estimated revenue impact of approximately $25 million; order processing, shipping and invoicing returned to pre-incident practices.

Original SEC Filing:

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