Warner Bros. Games Lost Enormous Amount Of Money This Year, CEO Blames Lack Of “Consistency”
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During today’s Warner Bros. Discovery Q3 earnings call, 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 Suicide Squad: Kill 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 remains an issue in its various divisions (via The Verge). 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.
“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 IGN).
