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Hey! :)
This is just from my personal experience (I had four rounds at an MBB in May, so all are included in this year's case book) and recent grads from my school working at MBB, so take it with a grain of salt:
You're definitely expected to learn the common cases (as you mentioned, profitability and M&A) as these are roughly 70-80% of the cases they have in their case book. However, MBB began to realize that it's very easy to memorize 15+ frameworks, which can usually cover most of these cases. Especially at M, they've started to pivot towards more unconventional cases. An example would be your client is a federal soccer association, and they're thinking about how to optimize seats in a new stadium.
From my understanding, the chances that one of your four/five cases (including both rounds of interviews) is an unconventional case is pretty high. I would prioritize understanding the common case types (again, this will likely be the cases you receive) but dedicate at least a week or two for unconventional cases.
TIP: It may be challenging to find unconventional cases in the MBA case books (Wharton, Fuqua, etc.). I recommend you utilize other resources such as RocketBlocks and PrepLounge.
Good luck!
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