Warner Bros. has published its finances for the fourth quarter and fiscal year 2014, informing that the income for their games segment fell 29% year -on -year during the three months ended on December 31, 2024.
Detailed figures are not provided for games income (which fall in the Studios segment).
However, the firm said that while the income of the games decreased in the fourth quarter, it experienced a better performance of titles such as Hogwarts Legacy and Mortal Kombat 1 compared to the same period last year.
In general, income for the company’s study segment increased by 16% year -on -year to $ 3.65 billion during the fourth quarter. However, full year revenues decreased by 5% to $ 11.60 billion.
As for Warner Bros. as a whole, the income for the fourth quarter saw a 1% drop to $ 10 billion compared to the same period in 2023, while their full year income experienced a decrease of 4% year after year to $ 39.3 billion.
In a letter to the shareholders, Warner Bros. went to his recent restructuring that saw the closure of three studies: Monolith Productions, Player First Games and Warner Bros San Diego. The decision to close the monolith resulted in the cancellation of his next Wonder Woman project.
“2024 was a disappointing year for our game business and we have recently announced a restructuring plan to forward our resources and capital in the Verded IP and the world -class proven studies games,” he wrote.
“We are focusing our game business around four store franchises that have generated more than $ 1 billion in consumer sales in recent years: Harry Potter, game of Thrones, Mortal Kombat and DC, particularly first -level characters like Batman.”
Then he reiterates the success of Hogwarts Legacy as a driving factor for his “restart strategy.”
“That gives us the confidence that with our recessed strategy we can produce high quality games built for long -term consumer participation, which we hope to boost our division of games to profits in 2025 and emerge as a more significant taxpayer to growth in the coming years.”
