Every material Form 8-K Hasbro has filed with the SEC since May 24, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Hasbro announced that Dan Ayoub, most recently Senior Vice President of Dungeons & Dragons, will become President of Wizards of the Coast and Hasbro Digital Games effective November 2, 2026. He is the first internal candidate promoted into the role, and he will oversee Magic: The Gathering, Dungeons & Dragons, Duel Masters and Hasbro Digital Games. The filing contains no financial results or guidance.
Dan Ayoub named President of Wizards of the Coast & Hasbro Digital Games, effective November 2, 2026
He is the first internal candidate promoted into the role, selected after a search of dozens of internal and external candidates
Ayoub joined Wizards of the Coast in 2022 and previously spent 11 years at Microsoft
CEO Chris Cocks said the promotion reflects a priority of developing the company's people
Hasbro reported third-quarter 2026 net revenues of $1.6 billion, up 15% from a year earlier, with diluted earnings per share of $2.77 versus $1.64. The company raised its full-year 2026 revenue growth and adjusted operating margin outlook and doubled its share repurchase target for the year, which matters to shareholders because it signals stronger expected results and more cash returned to them. Results include about $55 million of tariff refunds.
Net revenues were $1,595.3 million, up from $1,387.5 million; Magic: The Gathering revenue topped $600 million for the first time
Diluted EPS was $2.77 versus $1.64 a year earlier; adjusted diluted EPS was $2.90
Full-year 2026 outlook: revenue up 7-9% in constant currency (previously 5-7%); adjusted operating margin 27-28% (previously 25-26%); adjusted EBITDA $1.575 billion to $1.625 billion (previously $1.45 billion to $1.50 billion)
Board declared a quarterly dividend of $0.70 per share, payable December 2, 2026, to holders of record on November 18, 2026
Hasbro said President of Wizards of the Coast John Hight will stay in his current role through September 1, 2026, then become an Advisor reporting to the CEO until September 2, 2027, helping onboard a successor. The filing does not name a successor. His $800,000 base salary is unchanged, but he will not receive a fiscal 2027 bonus or new equity awards during the term.
Transition Agreement with John Hight is effective July 27, 2026.
Hight remains President of Wizards of the Coast through September 1, 2026.
From September 2, 2026 to September 2, 2027, he serves as Advisor and reports to the CEO.
Base salary stays at $800,000 annualized; no fiscal 2027 bonus and no new equity grants during the term.
Hasbro reported second-quarter 2026 revenue of $1.14 billion, up 16% from a year earlier, and diluted earnings of $1.12 per share, compared with a loss of $6.10 per share a year earlier. The company raised its full-year 2026 revenue growth and adjusted EBITDA outlook, citing strength in Wizards of the Coast and Digital Gaming.
Q2 revenue $1.14 billion, up 16%; Wizards and Digital Gaming up 27%, Consumer Products up 5%, Entertainment down 20%
Q2 diluted EPS $1.12 (adjusted $1.28); results include a $56 million impairment tied to Digital Games
Full-year 2026 outlook raised: revenue growth 5-7% in constant currency (previously 3-5%); adjusted EBITDA $1.45-1.50 billion (previously $1.40-1.45 billion)
Board declared a $0.70 per share quarterly dividend, payable September 2, 2026 to holders of record August 19, 2026
Hasbro reported first quarter 2026 revenue of $1.0 billion, up 13% from a year earlier, with GAAP diluted earnings per share of $1.39 versus $0.70 and adjusted diluted EPS of $1.47 versus $1.04. The company reiterated its full-year 2026 outlook and declared a $0.70 quarterly dividend, while stating that the full cost of the late-March 2026 unauthorized network access has not yet been determined.
Net revenues were $1,000.2 million, up from $887.1 million, led by Wizards and Digital Gaming revenue growth of 26%
GAAP operating profit was $270.3 million versus $170.7 million a year earlier; adjusted operating profit was $287.0 million
2026 guidance reiterated: total revenue up 3-5% in constant currency, adjusted operating margin of 24-25%, adjusted EBITDA of $1.40 billion to $1.45 billion
Quarterly dividend of $0.70 per share declared, payable June 11, 2026, to holders of record on June 1, 2026
Hasbro released preliminary first-quarter 2026 results for the period ended March 29, 2026, showing revenue of approximately $970 million to $985 million and operating profit of approximately $235 million to $245 million, both up from the prior year. The company reiterated its full-year 2026 guidance and said an unauthorized network access incident did not affect first-quarter results, though it expects some second-quarter revenue and profit impact from order and shipping delays.
Preliminary Q1 2026 revenue of approximately $970 million to $985 million, up 9-11% versus last year
Preliminary Q1 2026 operating profit of approximately $235 million to $245 million, up 38-44%; adjusted operating profit of approximately $250 million to $260 million, up 12-17%
Full-year 2026 guidance reiterated, including adjusted EBITDA of $1.40 billion to $1.45 billion
Full first-quarter results and conference call scheduled for May 20, 2026; the company expects some second-quarter revenue and profit impact from the network access incident
Hasbro completed a registered public offering of $400 million in 4.650% senior unsecured notes maturing March 12, 2031. The filing describes the notes' redemption terms and a repurchase obligation at 101% of principal if a change of control and below investment grade rating event occur, which adds a new debt obligation for shareholders to weigh.
Principal amount: $400 million of 4.650% notes due March 12, 2031, issued under a shelf registration on Form S-3.
Company may redeem before February 12, 2031 at the greater of par or a Treasury-based make-whole price; at or after that date at 100% of principal plus accrued interest.
If a change of control combined with a below investment grade rating event occurs, Hasbro must offer to repurchase the notes at 101% of principal plus accrued interest, unless it redeems them first.
Underwriting agreement dated March 5, 2026 with BofA Securities, J.P. Morgan, Citigroup and Scotia Capital as representatives.
Hasbro entered into a Fourth Amended and Restated Revolving Credit Agreement with Bank of America, N.A. as administrative agent on February 20, 2026. The senior unsecured facility has $1.1 billion in commitments and extends the term from September 5, 2028 to February 20, 2031, replacing the prior agreement dated September 5, 2023.
Commitments total $1.1 billion, with a potential incremental increase of up to $550.0 million
Maturity extended from September 5, 2028 to February 20, 2031
Pricing ranges from 75.0 to 150.0 basis points over Term Benchmark or Daily Benchmark Rate, based on debt rating and net leverage
Covenants require interest coverage of at least 3.00:1.00 and net total leverage of no more than 3.75:1.00, or 4.00:1.00 in the third fiscal quarter
Hasbro reported fourth-quarter 2025 net revenues of $1.45 billion, up 31%, and diluted earnings of $1.41 per share, compared with a loss of $0.25 per share a year earlier. For the full year, revenue rose 14% to $4.70 billion, but the company posted a net loss of $322.4 million, or $2.30 per share, after a $1.02 billion goodwill impairment recorded in the second quarter. The company also set 2026 guidance and authorized a new $1.0 billion share repurchase program.
Q4 2025 diluted EPS was $1.41, versus a loss of $0.25 in Q4 2024; Q4 operating margin was 20.6%.
Full-year 2025 net revenues were $4.70 billion, up 14%; net loss attributable to Hasbro was $322.4 million, including a $1,021.9 million goodwill impairment.
2026 outlook: revenue up 3%-5% in constant currency, adjusted operating margin of 24%-25%, and adjusted EBITDA of $1.40 billion to $1.45 billion.
New $1.0 billion share repurchase program replaces the 2018 authorization; quarterly dividend of $0.70 per share is payable March 4, 2026, to holders of record on February 18, 2026.
Hasbro's board increased its size from ten to twelve members and appointed Carla Vernón, CEO of The Honest Company, and Douglas Bowser, former President and COO of Nintendo of America, effective January 19, 2026. Vernón will serve on the Nominating, Governance and Social Responsibility Committee and Bowser on the Audit Committee. The filing describes routine board additions with no financial results or guidance included.
Board size increased from ten to twelve members, effective January 19, 2026
Carla Vernón is CEO of The Honest Company and joins the Nominating, Governance and Social Responsibility Committee
Douglas Bowser, President and COO of Nintendo of America until his retirement, joins the Audit Committee
Both directors receive prorated annual non-employee director stock grants and cash retainers and will sign the company's Director Indemnification Agreement
Hasbro reported third quarter 2025 net revenues of $1.39 billion, up 8%, and operating profit of $341 million, up 13%, with diluted earnings of $1.64 per share versus $1.59 a year earlier. The company now expects higher full-year results, including adjusted EBITDA of $1.24 billion to $1.26 billion, but year-to-date results remain a reported net loss of $3.74 per share because of a $1.02 billion goodwill impairment recorded in the second quarter.
Q3 net revenues of $1,387.5 million, up 8%; Wizards of the Coast and Digital Gaming revenue rose 42% to $572.0 million.
Consumer Products revenue fell 7% to $796.9 million, with adjusted operating profit of $88.9 million, down 32%.
Full-year 2025 outlook: adjusted operating margin of 22% to 23% and adjusted EBITDA of $1.24 billion to $1.26 billion.
Nine-month reported net loss of $3.74 per share includes a $1,021.9 million non-cash goodwill impairment; quarterly dividend of $0.70 per share is payable December 3, 2025.
Hasbro reported second-quarter 2025 revenue of $980.8 million, down 1% from a year earlier, and a net loss attributable to Hasbro of $855.8 million, or $6.10 per share, driven by a $1,021.9 million non-cash goodwill impairment in its Consumer Products segment that the company tied to tariffs. Adjusted net earnings were $1.30 per diluted share, up $0.08, and the company raised its full-year adjusted EBITDA guidance to $1.17 billion to $1.20 billion from $1.1 billion to $1.15 billion. The large charge sharply reduced shareholders' equity, which stood at $269.7 million at June 29, 2025.
Q2 revenue was $980.8 million, down 1%; MAGIC: THE GATHERING revenue rose 23% to $412.0 million.
Net loss was $855.8 million, or $6.10 per share, including a $1,021.9 million goodwill impairment.
Adjusted net earnings were $1.30 per diluted share, an $0.08 improvement year over year.
Full-year adjusted EBITDA guidance was raised to $1.17 billion to $1.20 billion; a $0.70 quarterly dividend is payable September 3, 2025.
Hasbro reported first-quarter 2025 revenue of $887.1 million, up 17% from a year earlier, and diluted EPS of $0.70 versus $0.42. The company said it is not changing its full-year 2025 guidance, citing uncertainty in the tariff environment. Operating cash flow fell to $138.1 million from $177.8 million, and the board declared a $0.70 quarterly dividend.
Net revenues $887.1 million vs. $757.3 million in Q1 2024 (up 17%)
Diluted EPS $0.70 vs. $0.42; Wizards of the Coast and Digital Gaming revenue up 46%
Operating cash flow $138.1 million vs. $177.8 million a year earlier
Full-year guidance from February 20, 2025 unchanged; quarterly dividend $0.70 payable June 4, 2025
Hasbro reported fiscal 2024 revenue of $4.14 billion, down 17% mainly due to the eOne divestiture, while net earnings attributable to Hasbro were $385.6 million, compared with a loss of $1.49 billion in 2023. The company also issued 2025 guidance calling for adjusted operating margin of 21% to 22% and adjusted EBITDA of $1.1 billion to $1.15 billion, and declared a $0.70 quarterly dividend.
Full year 2024 net revenues were $4,135.5 million, down from $5,003.3 million in 2023; excluding the eOne divestiture, revenue declined 7%.
Reported diluted earnings per share were $2.75 for 2024, compared with a loss of $10.73 per share in 2023.
2025 outlook: adjusted operating margin of 21%-22% and adjusted EBITDA of $1.1 billion to $1.15 billion, with total revenue expected up slightly in constant currency.
Quarterly dividend of $0.70 per share, payable March 12, 2025, to shareholders of record on March 3, 2025.
Hasbro reported third-quarter 2024 revenue of $1,281.3 million, down 15% from a year earlier, while GAAP net earnings were $223.2 million versus a loss of $171.1 million in the prior-year quarter, which included a $473 million loss on disposal of a business. Adjusted operating profit fell $14 million to $329 million, and the company kept its full-year Adjusted EBITDA guidance of $975 million to $1.025 billion.
Net revenues were $1,281.3 million, down 15%; excluding the eOne divestiture, revenue declined 9%.
Diluted EPS was $1.59 versus a loss of $1.23 a year earlier; adjusted diluted EPS was $1.73.
Adjusted operating profit was $329 million, down $14 million from the prior year, with adjusted operating margin of 25.7%.
Quarterly cash dividend of $0.70 per share is payable December 4, 2024, to holders of record on November 20, 2024.
Hasbro reported second quarter 2024 net revenues of $995.3 million, down 18% from $1,210.0 million a year earlier, mainly due to the eOne divestiture. GAAP operating profit was $212.1 million versus a loss of $188.6 million in the prior-year quarter, and diluted EPS was $0.99 versus a loss of $1.69. The company raised its full-year guidance, including total Adjusted EBITDA of $975 million to $1.025 billion, and declared a quarterly dividend of $0.70 per share.
Q2 net revenues $995.3 million, down 18%; excluding the eOne divestiture, down 6%
Q2 GAAP operating profit $212.1 million versus a $188.6 million loss a year earlier; diluted EPS $0.99 versus a loss of $1.69
Full-year 2024 total Adjusted EBITDA guidance of $975 million to $1.025 billion; company raised full-year guidance
Quarterly dividend of $0.70 per share payable September 4, 2024, to holders of record on August 21, 2024
On May 22, 2024, Hasbro entered an amended and restated employment agreement with CEO Christian P. Cocks that extends his employment term to December 31, 2027 and raises his target annual bonus from 150% to 175% of base salary. The filing also expands his severance terms if he is terminated without Cause or resigns for Good Reason within 24 months after a change in control.
Term extended to December 31, 2027, with automatic one-year renewals unless notice of non-renewal is given
Target annual management incentive bonus increased from 150% to 175% of base salary
After a change in control, a termination without Cause or resignation for Good Reason within 24 months triggers a lump sum of three times base salary plus target bonus
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