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.
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.
"... 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
Laatst bewerkt: 7 nov 2024