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Earnings analysis · 10-Q

HAS earnings analysis

Filed May 13, 2026 · Our reading of the company's report

The latest report

Hasbro reported strong Q1 2026 results with revenue of $1.0 billion, a 12.7% increase year-over-year. This performance was driven by significant growth in the Wizards of the Coast and Digital Gaming segment, leading to…

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Hasbro reported strong Q1 2026 results with revenue of $1.0 billion, a 12.7% increase year-over-year. This performance was driven by significant growth in the Wizards of the Coast and Digital Gaming segment, leading to a substantial increase in operating profit to $270.3 million. However, the Consumer Products and Entertainment segments saw slight declines in revenue, highlighting challenges in those areas.

Read the original on SEC.gov

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $24 Operating expenses $49 Left as operating profit $27

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

Reported figures

Earnings per share
$1.39
Segment
Wizards of the Coast
Segment
Digital Gaming
Segment
Consumer Products
Segment
Entertainment

What stood out

  • Revenue Growth of 12.7%

    Q1 2026 revenue reached $1,000.2 million, up from $887.1 million in Q1 2025.

  • Operating Profit Increased by 58.3%

    Operating profit rose to $270.3 million in Q1 2026, compared to $170.7 million in Q1 2025.

  • Strong Performance in Digital Gaming

    Wizards of the Coast and Digital Gaming segment revenues grew 25.9% to $582 million.

  • Improved Gross Margin

    Gross margin increased to 76.4% in Q1 2026, up from 76.9% in Q1 2025.

  • Operating Cash Flow Jumped

    Operating cash flow was $337.7 million, significantly increased from $138.1 million in Q1 2025.

  • Net Earnings Attributable to Hasbro Increased

    Net earnings attributable to Hasbro reached $198.4 million, a substantial increase from $98.6 million a year ago.

What to watch

  • Cybersecurity Incident Costs

    Costs related to unauthorized network access are expected to impact Q2 revenues and operating profits.

  • Tariff Cost Increase

    $8.3 million of incremental tariff costs burdened the cost of sales in Q1 2026.

  • Segment Declines in Consumer Products

    Consumer Products revenue decreased slightly by 0.1% to $397.9 million.

Management's outlook

Full-year guidance reiterated for total revenue growth of +3% to +5% in constant currency; adjusted operating margin of 24%-25%; adjusted EBITDA of $1.40B-$1.45B.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.