Warner Bros. Admits MultiVersus Underperformed

[Fenton]

speaking in a recent financial call, Warner Bros. Discovery President and CEO David Zaslav and Chief Financial Officer Gunnar Wiedenfels said MultiVersus' failure had added another $100 million to the $200 million writedown the company's games business had already suffered earlier this year.

Warner Bros. Games' only new game release during the third quarter of 2024 was Harry Potter: Quidditch Champions, which failed to make an impression.

"... we recognise [the games business] is substantially underperforming its potential right now," Zaslav said.

Wiedenfels added more detail: "We took another $100 million plus impairment due to the underperforming releases, primarily MultiVersus this quarter, bringing total writedown year-to-date to over $300 million in our games business, a key factor in this year’s studio profit decline."

Warner Bros. Admits MultiVersus Underperformed, Contributing to Another $100 Million Hit to Revenue in Its Games Business - IGN

Free-to-play Smash Bros.-style brawler MultiVersus has significantly underperformed, publisher Warner Bros. Discovery has admitted, contributing to a further $100 million writedown for the company’s games business in 2024.

www.ign.com

 

[Etifilio]

Live Service is the future, they said, meanwhile Hogwarts Legacy reaches 30 million units sold

 

[Zzero]

I'm sorry, how did that shit cost 100 million dollars? Is this where they're hiding Zaslav's hookers in the budget?

edit: Oh, its because that isn't what they said at all. All of their games underperformed and together that led to 100 million less than they wanted.

 

[DarkLordOtaku]

I'm sorry, how did that shit cost 100 million dollars? Is this where they're hiding Zaslav's hookers in the budget?

edit: Oh, its because that isn't what they said at all. All of their games underperformed and together that led to 100 million less than they wanted.

Yeah, both the original article, and the quote aren't phrased terribly clearly. It seems Multiverses contributed to an additional $100M write-off, but did not contribute a $100M write-off all on its own.

 

[Vertigo]

The relaunch was a flop from the jump. I have no idea wtf people were looking at to lie and claim any kind of success. And then WB still bought em. So dumb

Just another f2p junkpile that has two weeks hype and spontaneously combusts.