Magic the Gathering (Hasbro) beats on revenue, provides strong forward guidance

[https://toybook.com/hasbro-preliminary-q1-2026-earnings/](https://toybook.com/hasbro-preliminary-q1-2026-earnings/)

*"Hasbro’s Q1 results for the period ended March 29 reflect projected revenue of $970 million to $985 million, up 9% to 11% year over year. Operating profit is expected to reach $235 million to $245 million, representing growth of 38% to 44%.*

*Adjusted operating profit is projected at $250 million to $260 million, up 12% to 17%.*

*Hasbro also reaffirmed its full-year outlook, calling for total revenue growth of 3% to 5% in constant currency, adjusted operating margin of 24% to 25%, and adjusted EBITDA of $1.4 billion to $1.45 billion.*

*The company credited ongoing strength in Magic: The Gathering this year. Shipments and release timing for the Wizards of the Coast brand have remained on track in the second quarter, including the April launch of Secrets of Strixhaven."*

* Buy Hasbro ->Use profits to buy magic products, earnings grow
* Repeat

Infinite revenue loop. No details yet on upcoming universe beyond tie-in sets, but Mark R, seen here after playing Smothering Tithe, has said they've got one signed already that will beat Final Fantasy.