Why Hasbro Stock Jumped Today

Hasbro stock surged 11.2% after reporting strong Q3 fiscal 2026 earnings with 15% revenue growth to $1.6 billion, driven by a 34% surge in Magic: The Gathering sales which exceeded $600 million quarterly revenue for the first time. The company's adjusted operating profit jumped 52% to $541 million, and adjusted EPS soared 73% to $2.90. Hasbro is doubling its stock buyback program from $200 million to $400 million and projects full-year revenue growth of 7-9% with operating margins of 27-28%.