After a protracted open beta followed by an extended hiatus, Warner Bros. Games’ free-to-play platform fighter returned earlier this year with a full launch, but failed to make the commercial splash the company had anticipated.
According to IGN, Warner Bros. Games’ latest quarterly earnings report revealed a disappointing performance, with contributing to a staggering $100 million loss, on top of the significant losses the company had already incurred earlier in the year due to.
Warner Bros. acknowledged that their games division is significantly underutilizing its full potential at the current time. Discovery CEO David Zaslav.
CFO Gunnar Wiedenfels noted that the company recorded an additional impairment of more than $100 million, primarily due to underperforming releases, particularly during this quarter. This writedown brings the total for the year-to-date to over $300 million in its video games division, a significant factor contributing to the studio’s revenue decline this year.
Following a string of significant setbacks, Warner Bros. Games is doubling down on four core franchises across both PC and console platforms. Discover more about this topic through our comprehensive resource page.
Available on a wide range of platforms: PS5, Xbox Series X/S, PS4, Xbox One, and PC. Discover our nuanced perspective on the sport, revealed within this concise overview. Following its debut, news emerged in July that developer Participant First Games had been acquired by Warner Bros. Games, a move that would likely have significant implications for the sport’s future development and direction.
