Slide 1: Q2 2026 Earnings
Q2 2026 Earnings July 21, 2026
Slide 2: Use of Non-GAAP Financial Measures
USE OF NON-GAAP FINANCIAL MEASURES Supplemental Financial Data The financial tables accompanying this presentation include non-GAAP financial measures as defined under SEC rules, specifically Adjusted operating profit, Adjusted operating margin, Adjusted net earnings and Adjusted net earnings per di
Slide 3: Safe Harbor
Safe Harbor Certain statements in this presentation contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, which may be identified by the use of forward-looking words or phrases, include statements relating to: our business
Slide 4: Second Quarter 2026 Highlights
Second Quarter 2026 Highlights Total revenues grew 16% led by record performance in Wizards of the Coast and REPORTED ADJUSTED growth in Consumer Products Net $1,140M $1,140M 27% Revenue growth in Wizards fueled by Secrets of Strixhaven and Revenue +16% +16% Marvel Super Heroes Operating $253M $282M
Slide 5: Six Months 2026 Highlights
Six Months 2026 Highlights Hasbro revenues grew 15% with gains in Wizards & Consumer Products REPORTED ADJUSTED Net $2,140M $2,140M 27% growth in Wizards driven by Magic tentpole sets and expanded distribution Revenue +15% +15% Operating $523M $569M Consumer Products up 2% vs. LY behind Star Wars an
Slide 6: Highlights: Second Quarter 2026
Highlights: Second Quarter 2026 Highlights A HASBRO STUDIO 6
Slide 7: Hasbro, Inc. Second Quarter 2026 Performance
Hasbro, Inc. Second Quarter 2026 Performance Wizards of Q2 2026 Reported Results Consumer Corporate the Coast & Entertainment Hasbro ($ millions, except earnings per share) Products & Other Digital Gaming Revenue $664 $463 $13 N/A $1,140 % vs PY +27% +5% -20% N/A +16% Operating Profit (Loss) $270 ($
Slide 8: Hasbro, Inc. Second Quarter 2026 Performance — as Adjusted
Hasbro, Inc. Second Quarter 2026 Performance — as Adjusted Wizards of Q2 2026 Adjusted Results Consumer Corporate the Coast & Entertainment Hasbro ($ millions, except earnings per share) Products & Other Digital Gaming Revenue $664 $463 $13 N/A $1,140 % vs PY +27% +5% -20% N/A +16% Operating Profit
Slide 9: Hasbro, Inc. Six Months 2026 Performance
Hasbro, Inc. Six Months 2026 Performance Wizards of YTD 2026 Reported Results Consumer Corporate the Coast & Entertainment Hasbro ($ millions, except earnings per share) Products & Other Digital Gaming Revenue $1,246 $861 $33 N/A $2,140 % vs PY +27% +2% -22% N/A +15% Operating Profit (Loss) $568 ($6
Slide 10: Hasbro, Inc. Six Months 2026 Performance — as Adjusted
Hasbro, Inc. Six Months 2026 Performance — as Adjusted Wizards of YTD 2026 Adjusted Results Consumer Corporate the Coast & Entertainment Hasbro ($ millions, except earnings per share) Products & Other Digital Gaming Revenue $1,246 $861 $33 N/A $2,140 % vs PY +27% +2% -22% N/A +15% Operating Profit (
Slide 11: Q2 2026 Operating Margin Performance
Q2 2026 Operating Margin Performance As Reported Operating Margin Drivers Adjusted Operating Margin Drivers ($ millions) Amounts may not sum due to rounding ($ millions) Amounts may not sum due to rounding Q2 2025 Op Margin -81.4% ($798) Q2 2025 Op Margin (Adjusted) 25.2% $247 Volume & Mix* +21.2 pt
Slide 12: Six Months 2026 Operating Margin Performance
Six Months 2026 Operating Margin Performance As Reported Operating Margin Drivers Adjusted Operating Margin Drivers ($ millions) Amounts may not sum due to rounding ($ millions) Amounts may not sum due to rounding YTD 2025 Op Margin -33.6% ($628) YTD 2025 Op Margin (Adjusted) 25.1% $470 Volume & Mix
Slide 13: Wizards & Digital Gaming Revenue Drivers
Wizards & Digital Gaming Revenue Drivers 27% 23% Q2 2% 2% 1% Wizards Tabletop Wizards Digital Digital Licensing FX Total Revenue Increase* 27% 23% YTD 1% 1% 2% Wizards Tabletop Wizards Digital Digital Licensing FX Total Revenue Increase *Total may not sum due to rounding. Wizards Tabletop represents
Slide 14: Wizards & Digital Gaming Op Margin Performance
Wizards & Digital Gaming Op Margin Performance Q2 YTD ‣ Growth in Magic driving favorable mix and margin 2025 Op Margin (Adjusted) 46.3% $242 47.9% $472 leverage Volume & Mix* +5 pts $100 +4.7 pts $178 ‣ Operating expenses include product development, Gross Sales to Net Sales Rate -0.5 pts ($7) -0.2
Slide 15: Magic: The Gathering – Tabletop & Digital
Magic: The Gathering – Tabletop & Digital CAGR SINCE 2009 ANNUAL REVENUE | 2009–2026 +17% GROWTH YEARS Universes 15 of 17 Beyond SINCE 2009 Magic: Arena AVG. DECLINE 2.5% Collector Boosters & Secret Lair In-Store Pre-release IN DOWN YEARS Integration TABLETOP & DIGITAL REVENUE 2009 2010 2011 2012 20
Slide 16: Magic: The Gathering 2025/2026 Release Cadence
Magic: The Gathering 2025/2026 Release Cadence 2025 MAGIC Tentpole Sets 2026 MAGIC Tentpole Sets Magic Statistics Player Demographics 2/14 1/23 ‣ Average tabletop player is ~35 years old 1H 4/11 3/6 ‣ Average player tenure is 5+ years ‣ Wizards Play Network >12k stores ‣ Over 1 million unique player
Slide 17: Consumer Products Revenue Drivers
Consumer Products Revenue Drivers 7% 5% 1% Q2 -1% -2% Volume & Mix Selling Rate Licensing FX Total Revenue Increase* 3% 2% 2% YTD 0% -3% Volume & Mix Selling Rate Licensing FX Total Revenue Increase* *Total may not sum due to rounding. Volume/Mix represents gross sales volume impact to operating pro
Slide 18: Consumer Products Op Margin Performance
Consumer Products Op Margin Performance Q2 YTD 2025 Op Margin (Adjusted) 0.3% $1 -3.5% ($30) ‣ Q2 and YTD reflects $25 revenue Volume & Mix* +1.7 pts $8 -1.3 pts ($14) shift from Q2 into the back-half from cyber incident Gross Sales to Net Sales Rate -1.0 pts ($5) -0.4 pts ($1) Royalties* -0.5 pts (
Slide 19: Consumer Products: Product & Partnership Highlights
Consumer Products: Product & Partnership Highlights ANNOUNCEMENTS ENTERTAINMENT July 31 December 18 19
Slide 20: Hasbro Cash Flow & Metrics
Hasbro Cash Flow & Metrics OPERATING CASH FLOW ‣ Operating cash flow increased nearly $400M year over year $604 driven by Magic revenue growth ‣ Deployed $147 million toward debt reduction and the $209 prefunding of select maturities ‣ Issued $400M to refinance 2026 maturities and retire higher-cost
Slide 21: 2026 Guidance
2026 Guidance1 FY 2026 Guidance FY 2026 Guidance (Current) (Prior) Net Revenues (Constant Currency) Up 5% to 7% Up 3% to 5% Adjusted Operating Margin 25% to 26% 24% to 25% Adjusted EBITDA $1.45B to $1.50B $1.40B to $1.45B Tax Rate* 22.5% - 23.5% 23% - 24% Capex ~$225M ~$250M 1Adjusted operating marg
Slide 22: Operational Excellence Program
Operational Excellence Program PATH TO $1B OF GROSS COST SAVINGS ‣ YTD 2026 we delivered ~$70M of gross savings across Supply $1B Chain, Product Development and Approx. Net Savings SG&A ‣ Performance is in line with expectations, and we remain committed to achieve our mid- term targets $370M $220M ‣
Slide 23: Medium-term Guidance (2025-2027)
Medium-term Guidance (2025-2027)1 Key Metric Measure Tracking Revenue (Constant Currency) Mid-Single Digit Growth CAGR Ahead Tracking Adjusted Operating Margin 50bps to 100bps Average Expansion per year Ahead On Track Cost Savings* $1B Gross Cost Savings Achieved Capital Allocation 2.5x Gross Debt t
Slide 24: Supplemental Financial Information
Supplemental Financial Information
Slide 25: Gross Margin Performance
Gross Margin Performance Q2 YTD 2025 Gross Margin 76.4% $749 76.3% $1,425 ‣ Gross Profit +$200M YoY Volume & Mix* -1.6 pts $106 -0.5 pts $177 YTD Gross Sales to Net Sales Rate -0.2 pts ($12) -0.1 pts ($4) ‣ Underlying Gross Margin drivers COS Savings > Cost Inflation* +0.6 pts $7 -0.1 pts ($2) ‣ Bus
Slide 26: Hasbro Performance in GEM2 Categories
Hasbro Performance in GEM2 Categories YTD Growth Share (May) Change GEM2 Categories +23.5% -0.1 pts Action Figures & Accessories +6.7% -0.1 pts Games exc. STCG +2.6% -0.4 pts Strategic Trading Card Games +103.9% +1.9 pts Build communities, encourage Other Categories -7.9% -0.3 pts repeat engagement
Slide 27: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets1 (Unaudited) (Millions of Dollars 27
Slide 28: Consolidated Statement of Operations
Consolidated Statement of Operations1 (Unaudited) (Millions of Dollars and Shares Except Per Share Data) 28
Slide 29: Condensed Consolidated Statement of Cash Flows
Condensed Consolidated Statement of Cash Flows1 (Unaudited) (Millions of Dollars 29
Slide 30: Segment Results — As Reported and As Adjusted Q2 2026
Segment Results — As Reported and As Adjusted1 Q2 2026 (Unaudited) (Millions of Dollars 30
Slide 31: Segment Results Q2 2026 continued
Segment Results — As Reported and As Adjusted1 Q2 2026 continued (Unaudited) (Millions of Dollars 31
Slide 32: Segment Results — As Reported and As Adjusted YTD 2026
Segment Results — As Reported and As Adjusted1 YTD 2026 (Unaudited) (Millions of Dollars 32
Slide 33: Segment Results YTD 2026 continued
Segment Results — As Reported and As Adjusted1 YTD 2026 continued (Unaudited) (Millions of Dollars 33
Slide 34: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures (Unaudited) (Millions of Dollars 34
Slide 35: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures (Unaudited) (Millions of Dollars 35
Slide 36: Reconciliation of Net Earnings & Earnings Per Share
Reconciliation of Non-GAAP Financial Measures Reconciliation of Net Earnings & Earnings Per Share1 (Unaudited) (Millions of Dollars and Shares Except Per Share Data) 36