Warner Bros. Games Lost Enormous Amount Of Money This Year, CEO Blames Lack Of “Consistency”

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Warner Bros. Games Lost Enormous Amount Of Money This Year, CEO Blames Lack Of “Consistency”

During today’s Warner Bros. Discovery

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, CEO David Zaslav commented on the company’s gaming and film divisions, and how they’ll be expected to “deliver more consistency” with their releases. It has been a tough year for Warner Bros. Discovery, as several of its high-profile releases–including ******** Squad: ***** the Justice League, MultiVersus, and Joker: Folie à Deux–have drastically underperformed.

Zaslav said that the company’s games business is currently “underperforming its potential” and that inconsistency ******** an issue in its various divisions (via

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). Zaslav added that Warner Bros. Games revenue declined 31% between July and September when compared to the previous year, as Mortal Kombat 1 launched during that window in 2023. MultiVersus in particular has led to a big shortfall for Warner Bros. Games.

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Warner Bros Doubles Down On Live Service Games | Spot On

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“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,” chief financial officer Gunnar Wiedenfels said (via

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).

These results come on the back of a successful 2023 for the Warner Bros. Discovery game division, as Hogwarts Legacy was the best-selling game in the US last year, and sold more than 30 million copies globally. Warner Bros. Games is now making a sequel that could connect to the upcoming Harry Potter TV series and a Hogwarts Legacy Definitive Edition featuring additional story content is reportedly also in development.

Zaslav also mentioned last year that the company would double down on live-service games, despite the single-player Hogwarts Legacy being a best-seller for the company. In comparison, the live-service ******** Squad game was “disappointing” for Warner Bros. Games after it launched earlier this year and it had a $200 million impact on the company’s bottom line.

Recently, Zaslav also spoke about licensing out its IP to third-party studios. “We have 11 studios here, and we have a lot of IP. And there’s also a lot of interest among others in coming to take advantage of some of that IP for gaming, which we’re looking at,” Zaslav said in August.

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