Despite Magic’s unprecedented success, Wizards of the Coast’s president is already stepping down
Wizards of the Coast president John Hight announced his departure effective September 1, 2026, just two years after joining the company from Blizzard Entertainment, where he served as executive producer and general manager for the Warcraft franchise. His decision to step down comes at a striking moment: the Hasbro-owned publisher has just posted its most successful fiscal year on record.
During Hight’s tenure, Wizards of the Coast achieved remarkable financial growth. The company reported a 45% year-over-year revenue increase in 2025, with Magic: The Gathering, its flagship trading card game, leading the charge. The TCG generated a record $1.72 billion in annual revenue—a 59% increase compared to the previous year, cementing its status as the company’s crown jewel.
The timing of Hight’s departure raises questions about strategic direction and future plans for the publisher, despite the exceptional financial performance of Magic and the continued presence of Dungeons & Dragons in its portfolio.