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Hasbro Earnings Beat Estimates Thanks to Magic: The Gathering, Role-Playing Games

  • CEO sees growth of Wizards unit slowing in the third quarter
  • Company has taken steps to secure inventory for holiday season
Magic: The Gathering card game.

Magic: The Gathering card game.

Photographer: Mark Abramson/Bloomberg
Updated on

Hasbro Inc., the largest US toy company, reported second-quarter earnings that beat analyst estimates led by demand for its Wizards of the Coast role-playing games.

“Wizards of the Coast turned in its biggest quarter ever, led by 15% growth in tabletop gaming and 11% growth in Magic: The Gathering across platforms,” Chief Executive Officer Chris Cocks said in a statement Tuesday. Overall revenue for the division rose 3%.