Wikimedia
- Hasbro stock jumped 5% on Thursday after the company reported fourth-quarter earnings.
- Strength in Hasbro's stock price could largely be attributed to the continued growth of Magic: The Gathering.
- Hasbro reported mixed earnings results and offered 2023 guidance that was below analyst estimates.
Hasbro stock jumped as much as 5% on Thursday after the company reported mixed fourth-quarter earnings results and offered 2023 guidance that was below analyst expectations.
Notably, the toy company revealed that Magic: The Gathering, the beloved fantasy trading card game, has become its first billion dollar brand by annual sales.
Here were the key numbers: