Hasbro raised its full-year financial outlook following a record-breaking revenue milestone for the Magic: The Gathering card game.
Hasbro raised its full-year financial outlook on Tuesday after Magic: The Gathering surpassed $500 million in quarterly revenue for the first time in the card game's history. This milestone served as a primary driver for a 16% jump in overall company sales. The growth highlights the increasing popularity of the trading card game as a staple of the Hasbro portfolio. By reaching the half-billion dollar mark in a single quarter, Magic: The Gathering has solidified its position as a major revenue generator for the toy and game manufacturer. The company's optimistic outlook suggests a strong trajectory for the remainder of the fiscal year, bolstered by the success of its core gaming brands.