Games like Magic Time
Games like Magic Time include SANABI, Ori and the Will of the Wisps, Rogue Legacy 2, Broforce, and Tomb Raider Game of the Year. We matched them by the tags players give Magic Time on Steam (Adventure, Action, Arcade, Platformer, and Action-Adventure): closest matches first, and among equally close ones the better-known games.

SANABI
Shared: Action · Adventure · 2D Platformer

Ori and the Will of the Wisps
Shared: Platformer · Action · Adventure

Rogue Legacy 2
Shared: Arcade · Action · Platformer

Broforce
Shared: Action · Platformer · 2D

Tomb Raider Game of the Year
Shared: Adventure · Action · Action-Adventure

Deadlight
Shared: Action · Platformer · Adventure

Hollow Knight
Shared: Platformer · Adventure · 2D

Zombotron
Shared: Action · Adventure · 2D

Rise of the Tomb Raider™
Shared: Adventure · Action · Action-Adventure

Exit the Gungeon
Shared: Arcade · Action · Adventure

Escape From Duckov
Shared: Adventure · Action · Shooter

Sonic Superstars
Shared: Action · Adventure · Platformer

Rain World
Shared: Platformer · Adventure · Atmospheric

Skul: The Hero Slayer
Shared: Action · Platformer · 2D

Mark of the Ninja
Shared: Platformer · Action · Adventure

Celeste
Shared: Platformer · 2D Platformer · Adventure

Planet of Lana
Shared: Action · Adventure · 2D Platformer

Monster Boy and the Cursed Kingdom
Shared: Adventure · Action · Platformer

F.I.S.T.: Forged In Shadow Torch
Shared: Action · Platformer · Adventure

Trine 5: A Clockwork Conspiracy
Shared: Adventure · Action · Platformer

Sonic Origins
Shared: Action · Adventure · 2D Platformer

Dust: An Elysian Tail
Shared: Action · Platformer · Adventure

Shovel Knight: Treasure Trove
Shared: Platformer · Adventure · Action

Owlboy
Shared: Adventure · Platformer · Action