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Nobody had "Magic: The Gathering saves Hasbro" on their bingo card, but here we are. Q2 revenue jumped 16% YoY to $1.14B, topping estimates by $80M, driven by the Marvel Super Heroes set pushing the franchise to its biggest quarter ever at $545M. Hasbro raised full-year revenue growth guidance to 5-7% from 3-5% and lifted its adjusted EBITDA target. EPS of $1.28 beat the $1.13 consensus. Did a collectible card game just become Hasbro"s crown jewel? Not financial advice.
On July 16, SpaceX's upgraded Starship triggered an automatic abort just after booster ignition when four Raptor engines failed to fire at Starbase in South Texas. CEO Elon Musk confirmed two engines will be replaced before the next attempt, now pushed to next week. The mission was set to deploy the first third-generation Starlink satellites on a suborbital arc. With engine swaps underway, will the next attempt finally get Starship off the pad?