Hasbro, Inc.: Beat — EPS $2.90, Revenue $1.6B
Earnings BeatQ3 2026 · Pre-market
@trystockwhiz
Did Hasbro, Inc. (HAS) beat earnings today?
Yes, Hasbro, Inc. (HAS) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+56.76% surprise
$2.90Actual
Expected: $1.85
vs. year ago +72.6%
Total Revenue+8.33% surprise
$1.6BActual
Expected: $1.48B
vs. year ago +15.0%
Released Oct 20 · 6:37 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $1.60B | $1.39B | 15.0 |
| Revenue detail — reported lines | |||
| └─Net sales | $1.45B | $1.23B | 17.5 |
| └─Licensing revenue | $144.30M | $152.60M | -5.4 |
| └─Wizards of the Coast and Digital Gaming | $747.20M | $572.00M | 31.0 |
| └─Consumer Products | $827.90M | $796.90M | 4.0 |
| └─Entertainment | $20.20M | $18.60M | 9.0 |
| └─Tabletop Gaming | $613.10M | $441.80M | 39.0 |
| └─Digital and Licensed Gaming | $134.10M | $130.20M | 3.0 |
| └─North America | $504.90M | $483.00M | 5.0 |
| └─Europe | $181.10M | $181.10M | 0.0 |
| └─Asia Pacific | $66.60M | $61.20M | 9.0 |
| └─Latin America | $75.30M | $71.60M | 5.0 |
| └─Family Brands | $18.40M | $16.70M | 10.0 |
| └─Film and TV | $1.80M | $1.90M | -5.0 |
| └─Magic: The Gathering | $616.10M | $459.40M | 34.0 |
| └─Hasbro Total Gaming | $934.90M | $754.50M | 24.0 |
| Net Earnings | $395.00M | $233.90M | 68.9 |
| GAAP Basic EPS | $2.80 | $1.66 | 68.7 |
| GAAP Diluted EPS | $2.77 | $1.64 | 68.9 |
| Adjusted Diluted EPS | $2.90 | $1.68 | 72.6 |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY2026 Outlook |
|---|---|---|
| Total Hasbro revenue | — | +7-9% constant currency (prev. +5-7% constant currency) |
| Adjusted operating margin | — | 27-28% (prev. 25-26%) |
| Adjusted EBITDA | — | $1.575B-$1.625B (prev. $1.45B-$1.50B) |
Business Highlights
- ➤Magic: The Gathering surpassed $600 million in quarterly revenue for the first time.
- ➤Magic growth was fueled by The Hobbit and Reality Fracture.
- ➤Monopoly Go! contributed $41 million of third-quarter revenue.
- ➤Consumer Products was led by Marvel, KPop Demon Hunters and Transformers.
- ➤Q3 sales benefited from Spider-Man: Brand New Day and continued GEM category momentum.
- ➤Entertainment growth was driven by Family Brands.
- ➤Returned $206 million to shareholders through dividends and share repurchases.
- ➤Deployed $79 million toward debt reduction and prefunded 2026 and 2027 bond maturities.
- ➤The Board declared a $0.70 quarterly cash dividend per common share.
- ➤Hasbro reaches more than 1 billion fans annually across physical and digital play experiences.
- ➤Hasbro was named a 2026 JUST Capital Industry Leader and a Brand that Matters by Fast Company.
Management Commentary
Chris Cocks, Chief Executive Officer
“Inspiring a lifetime of play is our superpower, and this quarter showed what it can do. We delivered a fourth consecutive quarter of double-digit revenue growth, and Magic: The Gathering topped $600 million in quarterly revenue for the first time. Our asset-light licensing model lets great partners extend our brands while we focus on what we do best. With a Magic lineup that keeps building, we expect a strong finish to 2026 and continued growth in 2027.”
Gina Goetter, Chief Financial Officer and Chief Operating Officer
“This quarter again showed the power of Hasbro’s brand portfolio paired with strong execution. Given this momentum, we are raising our 2026 outlook and doubling our share repurchase target for the year, balancing investment in the business with returning cash to shareholders.”