Hasbro, parent company of Wizards of the Coast (WotC), released its preliminary first quarter financial results today, where it once again credited Magic: The Gathering for its growth as Hasbro reported revenue of approximately $970 million to $985 million.
The preliminary results were reported despite a cybersecurity breach on March 28 and the ongoing investigation into that attack which delayed the release of the full Q1 results. Hasbro stated in the release that the unauthorized access to its network has been contained and it didn’t impact the Q1 financial results. The full Q1 report is expected on May 20 before markets open.
The report showed an operating profit of approximately $235 million to $245 million and Hasbro still expects an adjusted operating margin of 24-25 percent for the year of 2026.
Hasbro continues to execute its business continuity plans and, “most importantly,” Magic shipments and release cadence will continue as planned in Q2. Product is shipping, but Hasbro does expect some impact on Q2 revenue and operating profit due to expected order processing, shipping and invoicing delays.
Read the preliminary Q1 results press release from Hasbro.
