Hasbro signed a multi-year global licensing agreement with Warner Bros. Discovery Global Consumer Products to develop and distribute a new line of Harry Potter themed toys and games. The deal expands Hasbro’s franchise portfolio and leverages the enduring popularity of the Wizarding World across retail channels worldwide.

In the fourth quarter, Hasbro exceeded consensus revenue and adjusted earnings per share estimates, fueled by robust holiday-season demand across core brands. The results spurred a notable uptick in the company’s share price, underscoring strength in its consumer products segment.