Hasbro, the maker of Play‑Doh and Nerf, posted a first‑quarter profit of $198.4 million, up from $98.6 million a year earlier. Earnings per share rose to $1.39, while adjusted earnings, stripping one‑time items, hit $1.47 versus analysts’ $1.20 forecast. The jump reflects sustained demand for its Wizards of the Coast titles and digital‑gaming line in 2024 quarter.

Revenue climbed 13% to $1 billion, surpassing the company’s own guidance of $970‑$985 million and Wall Street models of $969.2 million. The lift stems from strong sales of Magic: The Gathering and other fantasy‑gaming products, which have seen renewed interest as players migrate to online platforms and competitive tournaments expand globally in the current quarter and year end.

Inventory management and cost controls tightened during the quarter, allowing Hasbro to maintain a gross margin of 49% and a net margin of 21%. The company’s cash flow improved, giving it more flexibility to invest in marketing, new IP development, and potential acquisitions within the gaming sector for 2025 and beyond in the coming years.

Analysts will scrutinize Hasbro’s ability to sustain the momentum from fantasy‑gaming as the broader toy market faces shifting consumer habits. The company’s strong quarterly performance signals resilience, but investors will watch for any signs of saturation or increased competition from digital platforms that could pressure future growth in the next quarter and beyond for long‑term.