Hasbro raised its full-year outlook after swinging to a profit and logging higher revenue in the second quarter, driven by continued strength in its Wizards of the Coast and digital-gaming segment.
The maker of Play-Doh and Nerf on Tuesday said it now expects revenue to rise 5% to 7% in constant currency for the year, compared with a prior outlook of up 3% to 5%.
Adjusted Ebitda--or earnings before interest, taxes, depreciation and amortization--is now projected to come in between $1.45 billion and $1.5 billion, compared with a previous forecast for $1.4 billion to $1.45 billion.
The new outlooks came as Hasbro swung to a profit of $160.9 million, or $1.12 a share, for its three months ended June 28, from a loss of $855.8 million, or $6.10 a share, in last year's comparable quarter.
Stripping out certain one-time items, earnings were $1.28 a share. Analysts polled by FactSet expected adjusted earnings of $1.14 a share.
Revenue climbed 16% to $1.14 billion, ahead of Wall Street models for $1.07 billion.
Hasbro attributed the higher revenue in part to continued strength across its Wizards of the Coast and digital-gaming segment, which includes Magic: The Gathering and Dungeons & Dragons. The company has in recent years attracted more teens and adults with role-playing and trading-card games.
Revenue rose 5% across Hasbro's consumer-products unit, which benefited from the release of "Star Wars: The Mandalorian and Grogu" during the quarter. The gain helped offset the company's entertainment business, in which revenue declined 20% largely due to the nature and timing of deals, the company said.
Hasbro said the recent quarter was hurt by a previously disclosed cybersecurity breach, which lowered revenue by about $25 million and resulted in disruptions to business operations. The company expects to incur additional costs related to the incident in future periods.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
July 21, 2026 07:44 ET (11:44 GMT)
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