Hasbro Q1 2026 Earnings: Wizards Revenue Surges 26% and Carries the Whole Company
Hasbro's Q1 2026 earnings report shows a significant 13% year-over-year revenue increase to $1.0B, primarily driven by a 26% surge in Wizards of the Coast's segment revenue, reaching $582M. Despite strong performance from Wizards, particularly with record-breaking Magic: The Gathering sets, the Consumer Products segment remained flat and faced challenges from a cybersecurity incident. The company maintained its full-year guidance and initiated share repurchases, with a TIKR model price target suggesting a 40% upside, but future performance hinges on Wizards' sustained momentum and effective management of Consumer Products' headwinds.