Hasbro vs Mattel

10-Q Financial Filing Analysis for Hasbro (2026-07-30)

Hasbro, Inc. reported solid financial performance for the first half of 2026, with net revenues increasing 14.6% year-over-year to $2,139.8 million, propelled by a 26.5% surge in the Wizards of the Coast and Digital Gaming segment ($1,245.8 million). Operating profit recovered sharply to $522.8 million from an operating loss of $627.5 million in H1 2025, which had been depressed by a $1,021.9 million goodwill impairment. The company advanced its 'Playing to Win' strategy via major IP licensing deals with Warner Bros. Discovery and Amazon MGM Studios, alongside the launch of Sixth Wall Studio. Operational headwinds included a $10.8 million remediation expense from an unauthorized network security incident and a $56.4 million non-cash impairment related to digital gaming portfolio adjustments.

• H1 2026 net revenues rose 14.6% to $2,139.8 million, with Wizards of the Coast and Digital Gaming contributing $1,245.8 million (+26.5%), driving an operating profit rebound to $522.8 million.
• Capital management actions included extending the $1.1 billion revolving credit facility to 2031, issuing $400.0 million of 4.65% notes due 2031, and repurchasing $125.0 million in debt.
• Results were impacted by a $10.8 million remediation cost from a March 2026 cyber incident and a $56.4 million non-cash digital game portfolio impairment charge.

tonies H1 2026 Revenue Up Over 40%

German toy maker tonies reported a strong first half of 2026, with currency-adjusted revenue rising 41% to €242.9 million driven by high demand for the Toniebox 2 and expanded product and licensing activity. North America became the company's largest and fastest-growing market, generating €104.3 million (up 57% y/y). Hardware revenues (Toniebox) and Tonie-figures also climbed steeply. Adjusted EBITDA margin was temporarily compressed to 0.7% in H1 and free cash flow was negative (€-64.3m) due to seasonal inventory build and US tariffs. tonies confirmed its 2026 guidance: currency-adjusted revenue growth of more than 20% to over €760 million and an adjusted EBITDA margin target of 9–11% for the full year.

• tonies' H1 2026 currency-adjusted revenue increased 41% to €242.9 million.
• North America generated €104.3 million in H1 2026, up 57% year-over-year, becoming tonies' largest and fastest-growing market.
• Hardware (Toniebox) revenues rose 69% to €57.2 million; Tonie-figures revenues rose 36% to €177.1 million.

Hasbro Brings Mummy Pig to Kylie Kelce Podcast

Hasbro returned Peppa Pig’s character Mummy Pig to Kylie Kelce’s podcast Not Gonna Lie in an eight-minute short published Aug. 11, 2026, positioning the character as an ambassador to reach millennial mothers. Hasbro — which acquired Peppa Pig owner Entertainment One in 2019 for roughly $4 billion — says the campaign aims to build Mummy Pig as a long-term brand voice by creating authentic relationships with influencers like Kelce. The prior Kylie–Mummy Pig video call generated over seven billion media impressions. Wave Sports & Entertainment produced the content; Hasbro’s VP of global marketing Sarah Madey and Wave’s Meg Jones are quoted on the strategy. The piece cites CDC data on average new-mother age and emphasizes Hasbro’s intent to use Kelce’s engaged mom audience to introduce Peppa to a new generation of children via parental influence.

• On Aug. 11, 2026 Mummy Pig appeared in an eight-minute short on Kylie Kelce’s podcast Not Gonna Lie.
• Hasbro acquired Peppa Pig owner Entertainment One for roughly $4 billion in 2019.
• A previous two-minute, 40-second Kylie Kelce video call with Mummy Pig generated over seven billion media impressions.

Mattel and BBC Studios Expand the World of Bluey Through Multi-Brand Global Licensing Partnership

Mattel and BBC Studios Expand the World of Bluey Through Multi-Brand Licensing Partnership. The first products from the collaboration arrive Fall 2026. EL SEGUNDO, Calif., September 15, 2026 — Mattel, Inc. (Nasdaq: MAT), a leading global play and family entertainment company and owner of one of t...

Mattel Partners with BBC's Bluey Across Multiple Brands

Mattel announced a multi-year global licensing partnership with BBC Studios to bring the animated series Bluey to five of its major brands: Fisher-Price's Little People, Barbie, Polly Pocket, Hot Wheels, and UNO. This move is part of Mattel's strategic shift from a traditional toy maker to a 'brand management company' focused on building lifelong fandom through an ecosystem of toys, entertainment, and live experiences. The partnership was announced by Mattel's chief marketing and brand officer, Roberto Stanichi, at ADWEEK's Brandweek. The collaboration aims to leverage Bluey's emotional resonance to deepen consumer engagement and expand Mattel's franchise ecosystem, aligning with its brand pillars of centering fans and creating immersive experiences.

• Mattel and BBC Studios signed a multi-year global licensing partnership for Bluey.
• Bluey characters will appear in Fisher-Price Little People, Barbie, Polly Pocket, Hot Wheels, and UNO products.
• The deal was announced by Mattel's CMO Roberto Stanichi at ADWEEK's Brandweek.

Mattel Game Studios Targets Mobile Hit Like Monopoly Go

Mattel is restructuring its gaming division, now known as Mattel Game Studios, to pursue a blockbuster mobile title similar to Hasbro and Scopely's Monopoly Go. After acquiring NetEase's stake in the joint venture Mattel163 in February 2026 and rebranding in August, Mattel aims to leverage its iconic IPs like Uno, Barbie, and Hot Wheels for mobile and other gaming platforms. Devin Nambiar, COO, oversees a team of about 300 spread across LA and Hangzhou. The company plans to launch games tied to major movie and toy releases, with ambitions to replicate the success of Monopoly Go, which generated significant revenue for Hasbro. Mattel views this as a long-term digital transformation initiative spanning five to ten years.

• Mattel acquired NetEase's stake in the joint venture Mattel163 in February 2026.
• Mattel163 rebranded as Mattel Game Studios in August 2026.
• Devin Nambiar, former EA executive, serves as COO of Mattel Game Studios, overseeing ~300 employees in LA and Hangzhou.