Warner Bros. Gaming Division Faces Major Losses, Studio Closures, and Restructuring

The company reports a 29% drop in gaming revenue, $384 million in write-downs, and a shift in focus to core franchises after a challenging 2024.

Warner Bros. Discovery's gaming revenue fell 29% year-over-year in 2024, driven by the underperformance of key titles like Suicide Squad: Kill the Justice League and MultiVersus.
The company reported $384 million in write-downs for its gaming division, including $200 million from Suicide Squad and over $100 million from MultiVersus impairments.
Three studios—Monolith Productions, Player First Games, and WB San Diego—were closed as part of Warner Bros.' restructuring efforts, with resources being redirected to proven franchises.
The Wonder Woman game in development has been canceled, while future gaming efforts will focus on franchises like Harry Potter, Game of Thrones, Mortal Kombat, and DC properties, particularly Batman.
Warner Bros. anticipates a return to profitability in 2025 by concentrating on high-quality games with long-term consumer engagement potential.