Hasbro Reports 15% revenue growth in Third Quarter 2026
Hasbro, Inc. reported a 15% increase in revenue for the third quarter of 2026, driven by growth across Wizards of the Coast and Digital Gaming, Consumer Products and Entertainment. The company also raised its full-year financial outlook and doubled its share repurchase target.
Revenue at Wizards of the Coast and Digital Gaming increased 31%, led by Magic: The Gathering, which grew 34% and surpassed $600 million in quarterly revenue for the first time. Digital and licensed gaming revenue increased 3%, while Monopoly Go! contributed $41 million in the quarter.
Consumer Products revenue rose 4%, led by Marvel, KPop Demon Hunters and Transformers. Entertainment revenue increased 9%, driven by growth in Family Brands.
Hasbro reported operating profit of $517 million and adjusted operating profit of $541 million, up 52% year over year. Results included approximately $55 million in tariff refunds. Reported earnings were $2.77 per diluted share, while adjusted earnings reached $2.90 per diluted share.
The company returned $206 million to shareholders through dividends and share repurchases during the quarter. It also deployed $79 million toward debt reduction.
“Magic: The Gathering topped $600 million in quarterly revenue for the first time,” said Hasbro CEO Chris Cocks, adding that the company expects a strong finish to 2026 and continued growth in 2027.
CFO and COO Gina Goetter said the company was raising its outlook and doubling its share repurchase target in response to its business momentum.
Updated 2026 outlook
Hasbro now expects full-year revenue to increase by 7–9% in constant currency, compared with its previous forecast of 5–7%. The company also raised its expected adjusted operating margin to 27–28%, from 25–26%, and adjusted EBITDA guidance to $1.575 billion–$1.625 billion, up from $1.45 billion–$1.50 billion.
The company said its capital allocation priorities remain investing in its core business, returning cash to shareholders through dividends and share repurchases, and continuing to reduce debt.
Hasbro’s board declared a quarterly cash dividend of $0.70 per common share, payable on December 2, 2026, to shareholders of record as of November 18, 2026.