Hasbro lifts annual outlook after strong digital gaming and Magic demand
Shares of Play-Doh maker Hasbro HAS.O were up about 2% at $83 in premarket trading.
The company raised its annual revenue and profit forecasts on resilient demand for its digital gaming business and continued strength in "Magic: The Gathering."
Hasbro now expects 2026 revenue to rise between 5% and 7%, up from a previous expectation of 3% to 5%.
It also sees annual adjusted EBITDA between $1.45 billion and $1.50 billion, versus a previous expectation of $1.40 billion to $1.45 billion.
The company posted second-quarter revenue of $1.14 billion, up 16%. Analysts on average had expected $1.07 billion, according to data compiled by LSEG.
As of the last close, the stock was down 0.5% year to date.
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