PAWTUCKET – Hasbro Inc. on Thursday reported third-quarter profit of $233.2 million, a 4.4% increase over the same period last year boosted by strong results from its Wizards of the Coast business.
The company said it had net income of $1.64 per share., compared with $1.59 a year ago. Earnings, adjusted for one-time gains and costs, were $1.68 per share, compared with $1.74 for the same period last year. The results still beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
“Hasbro delivered another quarter of growth, highlighting the strength of our brands and Playing to Win strategy,” said CEO Chris Cocks. “Wizards of the Coast led the way as Magic: The Gathering continues to break records. Consumer Products [point of sale] and market share accelerated ahead of the holiday, and our high-margin licensing business is unlocking new opportunities. … We’re poised to enter 2026 with momentum.”
The toy maker posted revenue of $1.39 billion in the quarter, an 8% increase over the same period last year driven by double-digit growth in Wizards of the Coast and digital gaming, which saw revenue increase 42%. The company said that partially offset a 7% revenue decline in consumer products tied to U.S. retail orders.
Gina Goetter, Hasbro chief financial officer and chief operating officer, said the company managed tariff volatility “with agility, protected margins through cost productivity and pricing discipline, and continued to advance our transformation initiatives. … We remain firmly on track to achieve our mid-term financial commitments.”
The company raised its full-year earnings and revenue forecasts.
It expects adjusted earnings before interest, taxes, depreciation and amortization to be between $1.24 billion and $1.26 billion, compared with its previous $1.17 billion to $1.20 billion forecast.
The company also projects annual revenue to increase by high single digits, compared with slightly lower prior expectations.
Shares of the toy maker, which have climbed more than 36% so far this year, were trading at $76.94, up more than 2%, at 12:15 p.m.
The company announced last month it will be moving to Boston by the end of next year.
