Videogames Are Struggling, But These Types Of Games Are Winning

One of the year’s best “gaming” stocks continues to win by following an old-school approach.

As the big videogame companies struggle with changing consumer preferences, Hasbro Inc.  is riding a wave of enthusiasm for tabletop games. The company exceeded expectations for the second-straight quarter on Tuesday, citing strong performances from franchises like Magic: The Gathering, Dungeons and Dragons and Monopoly.

New “retro” Magic: The Gathering releases drove an 11% increase in new-player growth and prompted some fans to flock to digital versions of the title as well, Hasbro said. Magic helped lift Hasbro’s franchise-brands revenue by 14%, marking the unit’s biggest quarterly increase since the company changed up its reporting segments in 2017.      MORE

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