MultiVersus Has Underperformed, Contributing to Additional $100 Million Loss for WB Games

"We recognize [the games business] is substantially underperforming its potential right now," says Warner Bros. Discover CEO David Zaslav.

Posted By | On 08th, Nov. 2024

MultiVersus

After an extended open beta followed by an equally extended hiatus, MultiVersus returned earlier this year with a full release, though WB Games’ free-to-play Super Smash Bros.-inspired platform fighter has failed to land with the sort of commercial impact that the company had hoped.

As reported by IGN, during the company’s recent quarterly earnings call, it was revealed that MultiVersus has not only underperformed, it has underperformed so poorly that it has contributed to an additional $100 million loss for WB Games, adding to the heavy losses the company had already incurred earlier in the year due to Suicide Squad: Kill the Justice League.

“We recognise [the games business] is substantially underperforming its potential right now,” said Warner Bros. Discovery CEO David Zaslav.

CFO Gunnar Wiedenfels added, “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.”

Following its heavy losses, WB Games will double down on four core franchises in the form of Hogwarts Legacy, Mortal Kombat, Batman, and Game of Thrones. Read more on that through here.

MultiVersus is available on PS5, Xbox Series X/S, PS4, Xbox One, and PC. Read our review of the game through here. Shortly after the game’s launch, it was announced in July that developer Player First Games had been acquired by WB Games.


Amazing Articles You Might Want To Check Out!

Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Demon’s Souls Patch Adds PS5 Pro Support

Demon’s Souls Patch Adds PS5 Pro Support

Following its recent patch, on PS5 Pro, Bluepoint Games' remake targets 60 FPS while running at an upscaled 4K...

WB Games Says it is “Focusing Efforts” on Mortal Kombat, Hogwarts Legacy, Game of Thrones, and Batman

WB Games Says it is “Focusing Efforts” on Mortal Kombat, Hogwarts Legacy, Game of Thrones, and Batman

"We are focusing our development efforts on those core franchises, with proven studios to improve our success ...

MultiVersus Has Underperformed, Contributing to Additional $100 Million Loss for WB Games

MultiVersus Has Underperformed, Contributing to Additional $100 Million Loss for WB Games

"We recognize [the games business] is substantially underperforming its potential right now," says Warner Bros...

Mass Effect TV Series is Officially in Development at Amazon

Mass Effect TV Series is Officially in Development at Amazon

Daniel Casey, best known for F9: The Fast Saga, will serve as the show's writer and executive producer, it has...

Gears of War: E-Day is Bringing Back Marcus and Dom’s Actors, Microsoft Confirms

Gears of War: E-Day is Bringing Back Marcus and Dom’s Actors, Microsoft Confirms

To no one's surprise, it has been confirmed that John DiMaggio and Carlos Ferro will reprise their roles as Ma...

Baldur’s Gate 3 is Now PS5 Pro Enhanced

Baldur’s Gate 3 is Now PS5 Pro Enhanced

On PS5 Pro, the acclaimed RPG runs at a native 4K and 30 FPS in Quality mode, and 4K (upscaled from a native 1...