Magic: The Gathering remains a driver of growth for the company, with forecasted double-digit revenue growth for the start of 2026
Hasbro has released preliminary unaudited Q1 results, projecting revenue between $970-985 million, a double-digit YoY increase.
The company, which will hold its full earnings call on 20 May, forecasts operating profit of between $235-245 million for the three months to 29 March, a 38-44 per cent increase, and adjusted operating profit of $250-260 million. Hasbro also reconfirmed its full-year outlook, with expected total revenue up three to five per cent in constant currency, and adjusted operating margin of 24-25 per cent.
The company credits much of its growth to strong on-going performance of Wizard’s of the Coast’s Magic: The Gathering. The TCG has just launched its latest set, Secrets of Strixhaven, and has a robust line-up for the rest of 2026, including a licensed set in partnership with Marvel this summer.
In a release, Hasbro also provided an update from its recent cyberattack. The company said the breach did not impact its results for the quarter, and that it believes the hack has been contained.
“Based on analysis with the assistance of outside cybersecurity experts and information to date, the company believes that the unauthorized access has been contained and the company is making progress in fully restoring its systems and operations,” it said.
“The company continues working with cybersecurity and forensic experts to identify and review any files potentially impacted. It will take additional actions as appropriate based on its review and findings, including providing any notifications deemed appropriate.”
