Wizards of the Coast

Q1 2026 Earnings: Hasbro

Hasbro achieved a strong financial start to 2026, recording $1 billion in total net revenue for the first quarter, representing a 13% year-over-year increase.

• Hasbro reported $1 billion in Q1 2026 net revenue, a 13% year-over-year increase, with adjusted operating profit rising 29% to $287 million.
• The Wizards of the Coast and Digital Gaming segment drove growth with a 26% revenue surge and a 51.2% operating margin, bolstered by a 36% increase in Magic: The Gathering sales.
• The Consumer Products division struggled with a -10.2% adjusted operating margin due to tariff-related pressures, while the Entertainment segment experienced a 24% revenue decline.