Quarterly ResultMay 13, 2026, 04:22 PM
Hasbro Q1 Net Earnings +101% to $198.4M; Revenue $1.00B
AI Summary
Hasbro reported a significant increase in net earnings for the first quarter of 2026, rising 101% to $198.4 million, with diluted EPS nearly doubling to $1.39. Net revenues grew 12.75% to $1.00 billion, primarily driven by strong performance in the Wizards of the Coast and Digital Gaming segment. The company also issued $400 million in new notes and amended its revolving credit facility.
Key Highlights
- Net earnings attributable to Hasbro, Inc. increased 101% to $198.4 million.
- Diluted earnings per share rose 98.6% to $1.39.
- Net revenues increased 12.75% to $1,000.2 million.
- Wizards of the Coast and Digital Gaming segment net revenues grew to $582.0 million.
- Net cash provided by operating activities significantly increased to $337.7 million.
- Issued $400.0 million in 4.65% Notes Due 2031.
- Amended revolving credit facility to $1.1 billion, extending term to 2031.
- Repurchased $69.8 million of 2027 and 2044 Notes.