Hasbro Inc raised its full-year revenue and profit forecasts after reporting second-quarter earnings that beat Wall Street estimates. The strong performance was driven by a record quarter for its Magic: The Gathering franchise, which saw revenue surge 32% to over $500 million. The Wizards of the Coast and Digital Gaming segment grew 27% in revenue, while the company also faced a $25 million revenue hit from a cyberattack. Hasbro now expects 5% to 7% revenue growth for the full year and improved its adjusted operating margin and EBITDA outlooks, signaling confidence in continued growth.
Hasbro's stock surged over 10% after CEO Chris Cocks reassured Wall Street about the enduring strength of Magic: The Gathering, the company's most profitable brand with consistent double-digit growth over 30 years. The company reported a robust Q2 re...
Hasbro posted strong Q2 results driven by a 27% revenue jump in its Wizards & Digital segment, led by MAGIC: The Gathering. This growth helped the company raise its full-year guidance. Hasbro’s improved balance sheet and free cash flow support accele...
Mattel is releasing exclusive KPop Demon Hunters merchandise at San Diego Comic-Con 2026, including a 3-pack of chibi-style figures of Rumi, Mira, and Zoey, and a Hot Wheels Porsche 911 GT3 R die-cast vehicle inspired by the film. These items will be...
