Hasbro Reports Strong Q3 Earnings with Record Revenue for Magic: The Gathering
Hasbro (HAS) reported strong third-quarter results in October 2026, driven by growth across all three business segments. Revenue reached $1.6 billion, a 15% year-over-year increase, while adjusted operating profit rose 52% to $541.2 million and adjusted EPS climbed 73% to $2.90. The standout performance came from the Magic: The Gathering brand, which generated record revenue of $616.1 million—a 34% year-over-year increase—and contributed significantly to Wizards of the Coast’s operating profit growth. The Consumer Products segment saw a more modest but steady rise in revenue and improved margins due to tariff refunds and supply chain efficiencies. Monopoly Go! also added digital licensing momentum, with $41 million in Q3 revenue alone. Hasbro raised its full-year guidance for consolidated revenue and adjusted EBITDA growth while increasing the share repurchase target from $200 million to $400 million. However, management warned of a potential margin decline in Q4 due to reduced tariff benefits and increased promotional activity.
Tickers: $HAS
Topics: adjusted_eps operating_profit revenue segment_performance
Read the full article at Motley Fool
Part of the story Tesla Reports Flat Q3 2026 Revenue and 4% Profit Decline (19 articles)