Hasbro raises annual forecasts on digital gaming demand, 'Magic' boost

July 21 : Hasbro raised its annual revenue and profit forecasts on Tuesday, betting on resilient demand for its digital gaming business and continued strength in "Magic: The Gathering" despite an uncertain consumer spending environment.Shares of the "Dungeons & Dragons" maker were up about 2 per cent in premarket trading after it also beat second-quarter sales and profit estimates.The company benefited from momentum in its Wizards of the Coast and Digital Gaming unit, driven by the flagship "Magic" franchise. At the same time, stronger spending by higher-income consumers helped Hasbro counter demand pressure from lower-income households due to persistent inflation."With strong indications for our remaining releases and line of sight to continued growth in 2027, the Magic flywheel is firing