Hasbro shares surged 10.1% after the company raised its full-year revenue, adjusted operating income, and profit guidance following a strong second quarter driven by its Wizards of the Coast and Digital Gaming segment. Revenue from Magic: The Gathering soared 32% year over year, surpassing $500 million in a single quarter for the first time in the game's 30-year history, fueled by expansion releases including Marvel Super Heroes and Secrets of Strixhaven. By comparison, Monopoly Go! contributed just $44 million in the quarter. The stock also offers a dividend yield above 3% and management allocates excess cash to share repurchases.
Hasbro IncStrong Magic: The Gathering sales drove Q2 revenue up 32% YoY, leading to raised full-year guidance.
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