Hasbro's Q1 revenue beats estimates on Wizards and Digital Gaming growth

Hasbro

20/05/2026 11:41

Overview

US games and toy maker's Q1 revenue grew yr/yr, beating analyst expectations

Adjusted EPS for Q1 rose to $1.47, reflecting improved operating profit and favorable mix

Company returned $106 mln to shareholders through dividends and share repurchases

Outlook

Hasbro expects 2026 revenue to rise 3-5% in constant currency

Company sees 2026 adjusted operating margin of 24-25%

Hasbro forecasts 2026 adjusted EBITDA of $1.40 bln to $1.45 bln

Result Drivers

MAGIC: THE GATHERING GROWTH - Revenue and profit gains were driven by MAGIC: THE GATHERING, which benefited from new releases and strong demand for backlist titles

WIZARDS AND DIGITAL GAMING - Segment revenue rose 26% and operating profit increased, reflecting scale benefits and a favorable business mix

CONSUMER PRODUCTS FLAT - Segment revenue was unchanged as growth in key toy categories was offset by challenging licensing comparisons and incremental tariff expense

Company press release: ID:nBwbMyJlJa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Revenue
Beat
$1 bln
$964.38 mln (12 Analysts)
Q1 Net earnings
$199.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the toys & children's products peer group is "buy"

Wall Street's median 12-month price target for Hasbro Inc is $115.00, about 18.3% above its May 19 closing price of $97.18

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)