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.
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.
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