Overview

• US games and toy maker's Q1 revenue grew yr/yr, beating analyst expectations

• Adjusted EPS for Q1 rose to $1.47, reflecting improved operating profit and favorable mix

• Company returned $106 mln to shareholders through dividends and share repurchases

Outlook

• Hasbro expects 2026 revenue to rise 3-5% in constant currency

• Company sees 2026 adjusted operating margin of 24-25%

• Hasbro forecasts 2026 adjusted EBITDA of $1.40 bln to $1.45 bln

Result Drivers

• MAGIC: THE GATHERING GROWTH - Revenue and profit gains were driven by MAGIC: THE GATHERING, which benefited from new releases and strong demand for backlist titles

• WIZARDS AND DIGITAL GAMING - Segment revenue rose 26% and operating profit increased, reflecting scale benefits and a favorable business mix

• CONSUMER PRODUCTS FLAT - Segment revenue was unchanged as growth in key toy categories was offset by challenging licensing comparisons and incremental tariff expense

Company press release: ID:nBwbMyJlJa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Net Revenue	Beat	$1 bln	$964.38 mln (12 Analysts)
Q1 Net earnings		$199.50 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the toys & children's products peer group is "buy"

• Wall Street's median 12-month price target for Hasbro Inc is $115.00, about 18.3% above its May 19 closing price of $97.18

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

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