Warner Bros. Discovery has published its fourth-quarter and full-year 2023 results, noting that its latest game release, Suicide Squad: Kill the Justice League, has failed to meet company expectations.
Because of this, according to Warner’s chief financial officer Gunnar Wiedenfels, it has set the company’s Q1 2024 games business up for a “tough year-over-year.” Highlighting the same period in 2023 when Hogwarts Legacy was released, Wiedenfels said the wizarding action RPG had a “very positive financial impact” on Warner’s first quarter (thanks, Seeking Alpha).
“A couple of items to consider for the Studios segment during the coming quarter. We are lapping the release of Hogwarts Legacy in February last year, which saw the largest portion of its very positive financial impact in the first quarter,” said Wiedenfels.
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