Hasbro surges on record Magic: The Gathering sales and raised outlook
Record Magic: The Gathering sales drive guidance raise Hasbro raised its 2026 outlook after Magic: The Gathering quarterly revenue topped $500 million, lifting full-year growth guidance to 5–7% and adjusted EBITDA to $1.45–1.50 billion. This directly boosted investor confidence and the stock price.
This is the primary new event that drove the stock higher this quarter.
Q2 earnings beat and stock jump Q2 EPS of $1.28 and revenue of $1.14 billion beat estimates. Wizards of the Coast grew 27–32%, consumer products rose for a third straight quarter, and the stock jumped over 10%, outperforming Mattel.
This is a new quarterly earnings result that directly moved the stock.
Expansion into digital games and shareholder returns Hasbro opened a Montreal studio to expand Dungeons & Dragons digital games, and offers a 3%+ dividend yield with buybacks. These moves support long-term growth and provide income to shareholders.
This is a new strategic initiative and capital return that supports the stock.
Traditional Consumer Products unit remains weak The traditional Consumer Products unit grew only 5% with an $8 million operating loss, acting as a counterweight. The rally depends heavily on Magic: The Gathering, so weakness here could hurt if Magic slows.
This is a new counterweight that balances the positive drivers and shows a risk.