HASBRO, INC. — Form 8-K
Filed July 21, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
Hasbro reported Q2 2026 revenue of $1.14B (+16% YoY), driven by Wizards of the Coast segment growing 27% with Magic: The Gathering exceeding $500M in quarterly revenue for the first time. The company raised full-year 2026 guidance to revenue growth of 5–7% (from 3–5%), adjusted operating margin to 25–26% (from 24–25%), and adjusted EBITDA to $1.45–$1.50B (from $1.40–$1.45B). The company took a $56M impairment on digital games, incurred $11M in direct costs from a March 2026 network breach (estimated $25M revenue impact), returned $133M to shareholders via dividends and buybacks ($55M share repurchase authorization deployed), and deployed $55M toward debt reduction.
Why this rating
Magic MTG breakout is real and meaningful—$500M quarterly is transformational for the franchise and validates digital monetization. Guidance raise signals durable momentum. Network breach ($25M revenue loss) is material but manageable; $10.3B market cap absorbs it. Consumer Products weakness (-7.2% operating margin YTD) offset by Wizards strength.
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