Warner Bros reported a 41% decline in games revenue for the second quarter, attributing the slump to the underperformance of its "Suicide Squad" game

Warner Bros reported a 41% reduction in games revenue compared to the previous year, as revealed in their Q2 2024 financial update covering the period ending June 30.

Figures within the Studios segment, which includes television and film, are not explicitly broken out. Nonetheless, the company attributed the revenue drop in gaming to the "weak performance" of Suicide Squad: Kill the Justice League, particularly when compared to the previous year's hit, Hogwarts Legacy.

Overall, revenue for the Studios segment declined by 4% year-over-year, settling at $2.45 billion.

Over a six-month period ending June 30, gaming revenue experienced a steeper decline of 66%, though specific numbers were not detailed.

For Q2 2024, Warner Bros' total revenue was $9.71 billion, reflecting a 6% decrease from the prior year.

Suicide Squad: Kill the Justice League hit the market on January 30, 3024, following multiple delays.

In February, Warner Bros CFO Gunnar Wiedenfels noted that the game fell short of the company's expectations. He reiterated during the Q1 earnings call that the year-over-year comparison with Hogwarts Legacy was challenging.