Mail.ru Says Armored Warfare Performed "Below Our Expectations," Takes $27 Million Impairment Charge
Russian tech giant Mail.ru recently detailed its Q2 financial to investors. Of special interest to MMOBomb readers will be the performance of My.com's -- a subsidiary of Mail.ru -- Armored Warfare, which didn't exactly get a glowing endorsement. One might even say that it's, well, tanking, as indicated by the following statement:
While Armored Warfare has had a number of successful updates in the past, its recent performance has been below our expectations, and as such we have taken a one-off non-cash impairment charge of RUR 1,698 million against its development.
Those 1,698 million Russian rubles translates into $27 million, which is a lot of money to write off.
It's not all bad news, though, as Warface is doing very well for Mail.ru. Along with War Robots, it's one of the company's best-performing games, and Mail.ru boasts a "full pipeline for the rest of 2018," including Conqueror's Blade.
You can read the Mail.ru financial statement here.
Related Articles
About the Author
Jason Winter is a veteran gaming journalist, he brings a wide range of experience to MMOBomb, including two years with Beckett Media where he served as the editor of the leading gaming magazine Massive Online Gamer. He has also written professionally for several gaming websites.
Discussion (14)
Read Next
Valve Lets Dutch Players See The Contents Of Their Next Loot Box Before They Buy
When is a loot box not a loot box?...
By Jason Winter - 5 years agoYou May Enjoy
World of Warships Celebrates 8th Anniversary In September Update With Big Game Improvements
There's plenty of new content too.
By Matthew D'Onofrio - 6 days ago
New Event/Dungeon With Special Rewards Happening In Elsword This Week
Will you overcome the Great Steel Wall?
By Matthew D'Onofrio - 1 week ago
"Buying Expansions Is P2W": New World Answers Your Hot Takes And Questions About Rise Of The Angry Earth
It's time for another Q&A from New World.
By Troy Blackburn - 3 days ago
Here’s How To File A Claim For Your Part Of That $245 Million Fortnite Settlement
The FTC is now notifying people that they may be eligible.
By QuintLyn Bowers - 2 days ago
Dauntless Developer Phoenix Labs Sees CEO And COO Step Down
Both will serve as advisors.
By Troy Blackburn - 1 week ago
Throne and Liberty Combat No Longer "Static" Says Producer In New Letter, Reveals Gameplay Preview Of Changes
That's right. Attacks are now allowed while moving. Such innovation.
By Matthew D'Onofrio - 1 week ago
then likely it would be a vastly different landscape, but they did just like EA does, buy or control company and tie both hands behind back and game suffers until people get tired of dealing with it and walk/run away.
OE had a ton of ideas and work they had wanted and were incorporating, but, mai.ru/my.com royally screwed them over from making the game the best they possibly could have, if they at least did account merge with steam it would have helped big time with player base, but seemingly they did not bother doing so.
great game that had some issues, OE did what they were able while they were able, but mai..ru/my.com paid them out, did a skeleton crew to maintain limited development/optimizations and the rest is history....such a crying shame it really is.
It's way worse than WoT. In terms of graphics and gameplay. There's next to no players and no way you can play PvP. EU and NA are PvE only.
Tbh, mail.ru get what they fully deserve