Home Economy Economic Activity Hasbro’s Q1 profit increases to $198.4M

Hasbro’s Q1 profit increases to $198.4M

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05/14/2026

Hasbro0102JPEG-1 — HASBRO INC. on Wednesday reported a profit of $198.4 million, an increase from the $98.6 million the company reported a year ago. / COURTESY HASBRO INC.

PAWTUCKET – Hasbro Inc. on Wednesday reported a first-quarter profit of $198.4 million, an increase from the $98.6 million net income the company reported a year ago. On a per-share basis, the company said it earned a profit of $1.39 per diluted share in the first quarter compared to 70 cents per diluted share last year. Hasbro announced in

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PAWTUCKET – Hasbro Inc. on Wednesday reported a first-quarter profit of $198.4 million, an increase from the $98.6 million net income the company reported a year ago. On a per-share basis, the company said it earned a profit of $1.39 per diluted share in the first quarter compared to 70 cents per diluted share last year. Hasbro announced in a preliminary filing on April 23 that its first quarter earnings report would be delayed due to a cyber breach on March 28. The company said that the event would not affect its first quarter earnings. However, Hasbro added that it expected the cyber breach to affect its second-quarter earnings due to investigatory and advisory costs related to the incident. The company also said any delayed shipping in the second quarter will be made up in the second half of 2026. The full impact of the breach is still being investigated. On April 16, a class-action lawsuit was filed in Federal District Court in Providence against the company by a group of former and current employees in connection to the data breach. Led by former Hasbro employee Sheila Standing, the plaintiffs claim in their lawsuit that the company has not been transparent about what information was compromised. The lawsuit seeks an unspecified amount of monetary damages and “injunctive relief,” including stronger cybersecurity measures and lifetime credit monitoring, monetary damages, restitution and attorneys’ fees. Company revenue for the first quarter totaled $1 billion, an increase of 12.6% year over year. The company attributed that to a 25.9% growth in revenue in the Wizards of the Coast and digital gaming segment. This result beat Hasbro’s preliminary first quarter results that were released on April 23. The company projected revenue of approximately $970 million to $985 million and an operating profit of approximately $235 million to $245 million. The company’s consumer-products division, which includes products for Star Wars, Marvel’s Spider-Man and Marvel Studios content, logged revenue of $397 million in the quarter, a decrease of 0.1% year over year. On Sept. 8, Hasbro officially announced it plans to move its headquarters from Pawtucket to the Seaport District in Boston at 400 Summer St. The new space in Boston will house at least 700 full-time Hasbro employees. The company expects the transition from Rhode Island to Boston to be completed by the end of this year. Hasbro plans to sell its Pawtucket headquarters and adjacent building at 1027 Newport Ave. when it moves to Boston in December. The commercial and industrial property is approximately 343,000 square feet and was appraised at $23.4 million in 2023.