Hasbro Cancels Some Video Games, Focuses on Magic: The Gathering

Bullish Gator

CEO Chris Cocks says Hasbro axed certain video-game projects but is doubling down on Magic: The Gathering after Q2 results beat estimates and shares rose.

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What stands out

Hasbro CEO Chris Cocks told Bloomberg Open Interest the company is cancelling some video-game projects while doubling down on Magic: The Gathering, which explains why the stock popped after a second-quarter revenue and earnings beat. The move is a classic corporate retreat to high-return core intellectual property when emerging bets underdeliver. For investors, it matters because executives are choosing where to deploy capital and management attention, and those choices will determine whether the short-term market relief turns into sustainable margin improvement.