HAHASEarnings Analysis财报电话会Source pending来源待核by InvestLog AIInvestLog AI 整理
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HAS earnings call: We now expect consolidated revenue to grow 7% to 9% year over year on a constant currency basis and adjusted EBITDA to be in the range of $1.575 billion to $1.625 billion At the segment level, Wizzards is now expected to grow revenue between 16% to 18% with operating margins of approximately 44% to 45%.孩之宝公司 (HAS) 电话会：吉娜·戈特表示，我们预计按固定汇率计算的综合营收将同比增长7%至9%，调整后EBITDA区间为15.75亿至16.25亿美元；分部门来看，Wizards部门营收预计增长16%至18%，营业利润率约为44%至45%。
Management remarks
Call period: 2026 Q3 · 2026-10-20
Guidance: Gina Goetter: We now expect consolidated revenue to grow 7% to 9% year over year on a constant currency basis and adjusted EBITDA to be in the range of $1.575 billion to $1.625 billion At the segment level, Wizzards is now expected to grow revenue between 16% to 18% with operating margins of approximately 44% to 45%.
Demand and orders: Christian Cocks: Each of our 6 tentpole releases next year has a full product suite, We are scaling production capacity to meet demand, and our fan base and retail distribution keep expanding.
Margins: Gina Goetter: Adjusted operating profit doubled to $178 million, inclusive of approximately $48 million of tariff refunds with an adjusted operating margin of 21.5% compared to 11.2% last year.
Analyst Q&A
Analyst Arpine Kocharyan asked: That was going to be my follow-up question to you. Because as we think about exodus, that should absolutely add to the top line. Question really is related to Magic: The Gathering distribution that went up further this quarter. Could you maybe talk a little bit about what is driving that and should we expect to see further expansion in Wizards play network sequentially as we get into Q4 and into 2027? Management Christian Cocks answered: Sure. I think you should expect as long as the hobby is growing, and there is vitality in the player base, I think you should expect new player. New store growth to you know, follow new player growth. Through third quarter of 26, we have seen about a 38% growth rate. In the number of WPN stores. We have over 13 thousand now. On mass, we have seen, about a 28% growth rate on the number of stores. Like, Magic's available now in close to 40 thousand doors.
