Focus on Higher-Margin Digital and Games Lines Positions Hasbro for Continued Margin Expansion

Hasbro continues to hold a leading position in the $42 billion North American retail toy industry (Circana), developing, manufacturing, and marketing well-known global brands that include Transformers, My Little Pony, and Nerf. The firm operates a relatively differentiated business model, thanks to its digital properties and games exposure, partner brand relationships, and licensing arrangements, strengths that can be better monetized with the most of its entertainment-related assets now divested. The firm's evolving multimedia presence, including its 2026 expansion into self-published video games, aids in Hasbro's progress toward its Play to Win goals which include operating margin expansion of 50-100 basis points annually over the next three years.