Hasbro shares climbed 2% in premarket trading after reporting fourth-quarter earnings and revenue that significantly exceeded analyst expectations. The toy company's strong performance follows a year of strategic transformation under CEO Chris Cocks' Playing to Win strategy.

Hasbro posted Q4 EPS of $1.51, well above the $0.95 consensus estimate, while revenue surged 31% year-over-year to $1.45 billion versus $1.26 billion expected. Adjusted operating profit reached $315 million, with operating margin expanding to 21.8%, improving roughly 12 percentage points from the prior year.

Looking to 2026, Hasbro forecasts revenue growth of 3% to 5% with an operating margin target of 24% to 25%. The company announced a new $1 billion share repurchase authorization and plans to continue investing in its core business while returning cash to shareholders through dividends and share buybacks.