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.
More Stories by Jason WinterDiscussion (14)
Read Next
When is a loot box not a loot box?...
You May Enjoy
The anniversary celebration continues and October has quite a few great freebies up for grabs.
Islands Of Insight Development Ceasing, Offline Mode Will Be The Only Way To Play After October 30th
The Lunarch Studios development team is available for new work.
And contests, rewards, and all that jazz.
"It's about damn time..." I couldn't have said it better myself.
It’s also time for another round of 2v8 chaos.
The final stress test begins today.
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