10mo ago

Suicide Squad Cost Warner Bros. $200 Million In Revenue

insider-gaming.com Suicide Squad Cost Warner Bros. $200 Million In Revenue

During its Q1 2024 earnings call, Warner Bros. said that Suicide Squad: Kill the Justice League cost the company $200 million in revenue

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nanoUFO @sh.itjust.works

10mo ago

Suicide Squad Cost Warner Bros. $200 Million In Revenue

insider-gaming.com /suicide-squad-cost-warner-bros-200-million-in-revenue/

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34 comments

“Starting with Studios, the $400 million+ year-over-year decline during Q1 was primarily due to the very tough comp we faced in games against the success of Hogwart’s Legacy last year in the first quarter, in conjunction with the disappointing Suicide Squad release this past quarter, which we impaired, leading to a $200 million impact to EBITDA (earnings before interest, taxes, depreciation, and amortisation) during the first quarter,” CFO Gunnar Wiedenfels said during the investor call after the report was published.
This doesn't line up at all with what Insider Gaming wrote. I don't think they know how to interpret company financials.
Costing revenue itself is a questionable phrase. A game can miss its revenue target, but that's not the same thing. Here it looks like earnings were lower by $200M due in part to more than $400M lower revenue comparing to a Q1 2023, which had the Hogwarts Legacy release.
- So basically the single player offline game made bank, but they keep pushing this live service crap thinking it's going to be the next GTA online and not what 90% of the live service crap ends up being.
  
  You miss 100% of the shots you don't take. One in ten isn't bad odds.
- Good demonstration of the current quality of journalism. “Cost X in revenue” doesn’t make any sense, as cost and revenue are the exact opposite things, the difference of which (if I simplify) make up the EBITDA that the quote from the company actually referenced for the 200 M USD negative impact.
  I’m not expecting a game journalist be an ACCA certified accountant, but should be at least able to write an accurate title based on the available quotes and information.

Something something reap what you sow

Yeah, they really went in hard with Suicide Squad, to be perfectly frank, the only good thing to come out of suicide squad was the Peacemaker show on HBO.
- Best intro EVER
  
  DO YA REALLY WANNA DO YA REALLY WANNA TASTE IIIIT!
  I just watched it twice in a row, thank you very much.
- And Barbie. What a spin-off !
- And The Suicide Squad.
  
  The Suicide Squad.
- Yeah. Sucks they aren’t even planning on starting production on season 2 till 2025
  
  Like honestly what's the point? Just say it's done, as almost all the hype will have gone away. The show is already like two years old anyway.
  Don't get me wrong, I'd love to have a season 2, but if I have to wait until potentially 2026 to watch it then I just won't care by that point.

If only every live service game and technology suffered the same fate. Also p2w.

So far.

Lesson learned: there can be no good Suicide Squad title unless prefixed by "The".
- Fun fact, The Suicide Squad (2021) was a box office flop, whereas Suicide Squad (2016), the only academy award winning DCEU film, was a box office smash hit!
  
  Well, hard for it to succeed at the box office when movie theaters were still closed/avoided in the midst of the pandemic.

And what's 200M to Warner Bros? Nothing

Womp womp.

That's the way business go

34 comments

DO YA REALLY WANNA DO YA REALLY WANNA TASTE IIIIT!