Hasbro Reports Strong Q1 Driven by Gaming Growth

Hasbro reported a strong first quarter with revenue rising 17% to $887.1 million, mainly driven by a 46% increase in its Wizards of the Coast and digital gaming segment, including Magic: The Gathering and Dungeons & Dragons. Adjusted earnings per share reached $1.04 and the company posted a record Q1 adjusted operating margin of 25.1%. While the consumer products business declined, the gains in Wizards of the Coast offset this shortfall, achieving nearly 50% operating margins. Hasbro extended its licensing agreement with Disney for Star Wars and Marvel toys, paid $98 million in dividends, and reduced debt by $50 million. Despite ongoing tariff pressures and market uncertainty, Hasbro maintained its annual financial guidance. However, the company's stock price has remained down over the past year, reflecting mixed investor sentiment.