Hasbro posts Q3 2026 revenue up 15% as Magic: The Gathering tops $600M; raises 2026 outlook
Hasbro reported Q3 2026 revenue of $1.595B, up 15% YoY, driven by Wizards and Digital Gaming. Operating profit was $517.3M, with adjusted EPS at $2.90. Magic: The Gathering revenue exceeded $600M. Hasbro raised its 2026 outlook, increased adjusted EBITDA guidance, and doubled its share repurchase target.
How this was made

The 30-second read
Why it matters
The earnings beat and raised guidance are likely to boost the stock, while the expanded buyback adds further support.
Market read
The earnings release provides fresh, material information for traders, offering a clear catalyst for short‑term price action.
What to watch
Potential supply‑chain constraints or slower digital gaming growth could temper future performance.
Background
Hasbro's Q3 2026 earnings beat expectations, with strong performance from its Wizards & Digital Gaming segment and a notable $616M revenue from Magic: The Gathering.
Ticker impact
Hasbro reported Q3 2026 earnings with 15% revenue growth, raised 2026 outlook and doubled its share repurchase target.
upward pressure as investors price in higher revenue growth and expanded buyback.
The combination of revenue beat, higher adjusted EBITDA guidance and a larger buyback program is material for a large‑cap consumer products company.
Market effects
Positive for the broader consumer discretionary and toys & games sector as Hasbro's growth may lift peers.
U.S. market may see modest gains in related retail stocks.
Limited to markets tracking U.S. consumer discretionary earnings.
Counterpoint
If the revenue growth is driven by one‑off releases, the upside may be overstated.
Key entities
- companyHasbro, Inc.
U.S. listed toy and entertainment company.


