Why Hasbro Stock Jumped Today

Hasbro Inc (HAS) reported Q3 2026 revenue up 15% and adjusted operating profit up 52%, with Magic: The Gathering revenue exceeding $600 million. Consumer Products revenue grew 4% to $828 million. The company raised its full-year outlook, expecting 7% to 9% revenue growth and adjusted EBITDA of $1.575 billion to $1.625 billion. Hasbro increased its share repurchase target to $400 million.

Hasbro's shares rose 11% after Q3 results beat estimates, with adjusted EPS at $2.90 vs. $1.85 consensus and revenue up 15% to $1.6B. Magic: The Gathering revenue surpassed $600M, driving 31% growth in Wizards of the Coast and Digital Gaming. Hasbro raised its 2026 revenue growth outlook to 7-9% and increased its buyback target.

Braze's stock surged 51.7% to $45.46 after Salesforce announced a $47.50 per share cash acquisition. Equifax and Hasbro rose over 11% on strong earnings, while General Motors fell 6.8% despite beating estimates. Oil prices dropped, easing inflation pressures and boosting airlines. AI stocks remained volatile.

Hasbro reported 15% year-over-year revenue growth, driven by Magic: The Gathering, which contributed 66% of its operating income last quarter. The game's success is attributed to recent sets and licensed tie-ins, with full-year earnings boosted by Marvel and Star Trek collaborations. Despite fan concerns about overproduction, the game continues to perform strongly.

Hasbro's stock rose 10% after reporting Q3 adjusted earnings of $2.90 per share on revenue of $1.6B. The increase was driven by strong sales of Magic: The Gathering, which topped $600M. The company also raised its full-year revenue growth outlook.

Hasbro (HAS) reported Q3 2026 earnings, with Magic revenue exceeding $600M, up 34% YoY. Key products like The Hobbit and Reality Fracture drove growth. The company raised its outlook, with net revenue up 15% YoY to $1.6B and adjusted EPS up 73% to $2.90. Hasbro plans to expand Magic's production and digital gaming offerings in 2027.