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Reuters
Wed, May 20, 2026 astatine 5:31 AM CDT 1 min read
May 20 (Reuters) - Hasbro connected Wednesday reported first-quarter gross and nett supra estimates, aided by beardown request for its digital games specified arsenic "Magic: The Gathering", aft a cybersecurity incident pushed backmost its results.
The Play-Doh shaper had forecast its preliminary first-quarter results last period aft identifying unauthorized entree to its web successful precocious March. Hasbro had besides released unaudited quarterly results successful a regulatory filing past week.
Strength successful the company's integer gaming concern has helped it antagonistic softened request for accepted toys owed to little user spending connected non-essentials amid precocious surviving costs.
Quarterly gross successful its Wizards of the Coast and Digital Gaming conception roseate astir 26%. It had risen 46% successful the year-ago quarter.
Partnerships with fashionable online shows and films, including the tie-up with Netflix to marque toys and paper games linked to the fashionable "K-Pop Demon Hunters" movie, besides helped boost sales.
The institution reported quarterly gross of $1 billion, compared with analysts' mean estimation of $964.38 million, according to information compiled by LSEG.
It had forecast preliminary income betwixt $970 cardinal and $985 cardinal connected April 23.
Hasbro besides reported adjusted net per stock of $1.47, beating analysts' estimation of $1.13, helped by the beardown request arsenic well arsenic cost-saving initiatives.
The company, which sources astir fractional of its U.S. merchandise from countries specified arsenic China, Vietnam, India and Japan, said it recorded $8.3 cardinal successful U.S. import tariff costs, and said that it is evaluating means to get refunds following the Supreme Court ruling against the duties.
Hasbro reaffirmed its yearly forecast from February.
(Reporting by Koyena Das and Neil J Kanatt in Bengaluru; Editing by Devika Syamnath)
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