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Earnings Score 45 Bullish

Hasbro Preliminary Q1 Revenue Surpasses Estimates Driven by Magic: The Gathering

Apr 23, 2026 12:05 UTC
HAS
Short term

Hasbro reports preliminary first-quarter revenue exceeding analyst expectations, largely attributed to the success of its fantasy card game. Full financial results are delayed until May 20 following a cybersecurity incident.

  • Preliminary revenue of $970M-$985M beats $908.6M estimate
  • Magic: The Gathering identified as the primary growth driver
  • Operating profit projected at $235M to $245M
  • Cybersecurity attack caused delay in full financial reporting
  • Full quarterly results scheduled for release on May 20

Hasbro Inc. has announced preliminary first-quarter revenue figures that significantly outperform market expectations, signaling strong demand for its gaming portfolio. The growth was primarily driven by the performance of its fantasy card game, Magic: The Gathering. Despite the positive top-line figures, the company is unable to provide a full quarterly report at this time. Management cited a previously disclosed cybersecurity attack that has hampered the finalization of its financial statements. According to unaudited preliminary information, revenue for the first quarter is expected to range between $970 million and $985 million. This figure comfortably beats the $908.6 million consensus estimate compiled by analysts. Additionally, the company expects operating profit to fall within the range of $235 million to $245 million. While the preliminary beat is a positive signal for investors, the delay in full reporting may introduce short-term uncertainty. The market will be looking for more detail on the extent of the cybersecurity breach and its long-term operational impact when the full results are released before the market opens on May 20.

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