Hasbro Cancels Some Digital Projects, But Doubles Down on 'Magic: The Gathering'

Summary

Hasbro CEO Chris Cocks discussed the company's strategic refocus on trading card games and role-playing games like Magic: The Gathering and D&D, while cancelling some video-game projects and relying on licensing partners for other genres. Magic: The Gathering surpassed $500 million in quarterly revenue for the first time, driving Hasbro's earnings beat and raised outlook. Cocks also highlighted the company's large, highly profitable licensing business and broad-based consumer strength, while noting no concern over tariff volatility due to diversification. He briefly commented that GameStop is one of Hasbro's fastest-growing accounts.

• Hasbro refocuses on trading card and role-playing games, cancels some video-game projects.
• Magic: The Gathering tops $500M in quarterly revenue for the first time.
• Licensing business is the third largest in entertainment, generating over $750M with 60%+ margins.
• Consumer spending shows broadening strength across demographics and price points.
• Company raises full-year outlook and provides mid-term guidance through 2027.
• GameStop is a fast-growing partner for Hasbro in trading cards and collectibles.