“We took another $100 million plus impairment due to the underperforming releases, primarily MultiVersus this quarter”
Things certainly haven’t gone Warner Bros’ way over the past two years. While they’ve had success with Hogwarts Legacy and Mortal Kombat 1, they’ve underperformed with Gotham Knights, Suicide Squad: Kill the Justice League and Harry Potter: Quidditch Champions – and now it turns out that MultiVersus has also flopped badly.
IGN reports that CFO Gunnar Wiedenfels admits the game has caused losses of nearly $100 million, and in connection with the latest quarterly report he said:
“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.
