MultiVersus Underperforms, Another $100 Million Blow for Warner Bros

Tough time for Raven to arrive.

Publisher Warner Bros Discovery announced that free-to-play brawler MultiVersus (developed by Player First, which it recently acquired) has significantly underperformed, another $100 million hit to gaming revenue in 2024. Add to that the $200 million Harley and the rest of the Suicide Squad made off with, and it's been a tough year for the firm. With impeccable timing, there's an update today, with Teen Titan's Raven being added to the game.

In a financial call (thanks, IGN), CEO David Zaslav relayed the unhappy numbers and said on the subject: "We recognise is substantially underperforming its potential right now." CFO Gunnar Wiedenfels added further clarity: "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."

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