{
  "id": 16344620,
  "title": "Why Hasbro Stock Surged This Week",
  "url": "https://urgent.news/2026/10/24/why-hasbro-stock-surged-this-week",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-10-24T16:13:07.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/coverage/market-movers/2026/10/24/why-hasbro-stock-surged-this-week/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Hasbro's stock price surged 18.9% this week, reaching $117.44 as of Friday, October 23, after delivering an impressive third quarter. The company's revenue grew by 15% year over year, reaching $1.60 billion, while adjusted earnings per share (EPS) hit $2.90, surpassing expectations. Hasbro's robust cash flow of $907.3 million prompted management to double its annual share repurchase goal from $200 million to $400 million. The company's major franchise, Magic: The Gathering, experienced a 34% year-over-year revenue increase, reaching over $600 million for the first time. Digital gaming licenses and cost discipline contributed to $105 million in savings for the first nine months, contributing to management's goal of $150 million in annual savings. Hasbro's focus on high-margin digital and tabletop gaming licenses is shifting the company's profit engine away from lower-margin traditional toy manufacturing. The stock is trading at a P/E ratio of 17.3, indicating investor optimism around expanding profitability. Management has raised full-year revenue growth targets to a range of 7%-9% and increased operating margin expectations. Investors will monitor how the holiday shopping season impacts traditional consumer toy sales, as Magic revenue could dip in the fourth quarter due to product release timing. However, two digital video game launches are planned for 2027, including Exodus and Warlock. Despite the single-franchise risk associated with Magic: The Gathering, which generates nearly 90% of operating profits, Hasbro's strong cash flow and cost discipline make it a potentially attractive investment for long-term investors.",
  "summary": "Wizards of the Coast is powering growth and profits for Hasbro.",
  "key_points": [
    "Hasbro's stock surged 18.9% week-over-week, reaching $117.44",
    "Q3 revenue grew 15% year-over-year to $1.60 billion",
    "Magic: The Gathering revenue increased 34% YoY to over $600M"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Why Hasbro Stock Surged This Week",
        "url": "https://urgent.news/2026/10/24/why-hasbro-stock-surged-this-week-16352060",
        "published": "2026-10-24T16:33:07.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}