Hasbro up after raising annual forecasts on strong digital gaming demand

By Reuters News

** Shares of Play-Doh maker Hasbro HAS.O up as much as 9.3% to a near seven year high of $107.71

** Co raises annual forecasts, sees higher revenue from Wizards and Digital Gaming business, as strong demand for "Magic: The Gathering" powered growth ahead of the key holiday season

** Expects fiscal 2026 revenue growth between 7% and 9% on a constant currency basis vs previous forecast of 5% to 7% rise

** Sees annual adjusted core profit of $1.58 billion to $1.63 billion, from prior $1.45 billion to $1.50 billion outlook

** Co sees annual revenue growth in Wizards and Digital Gaming segment between 16% and 18% vs previous forecast of low double-digit range

** Hasbro, which doubled its share repurchase targets, also beat quarterly revenue and adj. EPS estimates

** Shares of peer Mattel MAT.O also up ~2%

** Up to last close, HAS up about 20% YTD

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