Markets
Toy And Game Giant Hasbro Quarterly Earning Exceed Expectations
(Justin Sullivan/Getty Images)
much mana

Hasbro shares soar as “Magic” cards and strong margins power up a big earnings beat

The toy giant’s high-margin licensing deals are paying off — even as tariff risks loom.

Nia Warfield

Hasbro jumped over 15% on Thursday after the toy maker delivered a first-quarter earnings beat that easily topped Wall Street expectations. 

Adjusted earnings per share hit $1.04, blowing past the $0.67 analysts were looking for. Meanwhile, revenue hit $887 million, also well above estimates of $771 million. Hasbro credited the strong showing to its pivot toward higher-margin businesses — including licensing deals and a boost from its “Magic: The Gathering” trading cards. 

The company’s Wizards of the Coast and digital gaming division led the charge, with revenue in the gaming segment spiking 46% over the same quarter last year. That helped Hasbro notch an adjusted profit margin of 25.1% for the quarter, up from 19.6% a year ago. Hasbro’s also leveling up its IP game with a new toy and game licensing agreement with Disney, covering blockbuster franchises like “Star Wars” and Marvel. 

The new deal strengthens Hasbro’s long-term positioning in fantasy and franchise-driven toys. Hasbro also kept its profit outlook but said its estimates didn’t include tariff impacts, since trade negotiations between the US and China are still up in the air. But even as tariff concerns linger, analysts expect those cost pressures to be “mostly offset” by Hasbro’s internal savings and continued growth in its Wizards business.

With Thursday’s rally, Hasbro shares are on track to be the best-performing S&P 500 stock today and are now positive on the year.

More Markets

See all Markets
Luke Kawa
7/13/26
Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three
markets
J. Edward Moreno

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Luke Kawa
7/2/26
US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise
Luke Kawa
7/1/26
Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings
markets
Paige Oamek

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.
©2026 Sherwood Media, LLC