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Hasbro Jumps on Earnings Beat, 2026 Outlook and New Global ‘Harry PotterToy License

The company’s ‘Playing to Win’ focus on Wizards of the Coast, digital gaming and selective licensing is powering a clear turnaround.

Overview

  • Fourth‑quarter revenue rose 31% to $1.45 billion with adjusted EPS of $1.51, handily topping forecasts as shares closed at about $104 for a six‑year high.
  • Wizards of the Coast and digital gaming posted record results, climbing 45% for 2025 with an 86% revenue surge in the quarter and materially higher margins.
  • Hasbro secured the primary global toy license for Harry Potter with Warner Bros. Discovery, with plans for dolls, action figures, collectibles, plush and board games.
  • Full‑year revenue reached roughly $4.7 billion, with consumer products at $2.48 billion (down 4% for the year) and Wizards/digital at $2.18 billion, narrowing the gap.
  • Management guided 2026 revenue growth of 3% to 5% above analyst expectations and highlighted additional partnerships tied to Kpop Demon Hunters and a Voltron feature.