It sold 7.54 million games in FY24 Q1, almost twice as many as it shipped in FY23 Q1. This should help improve revenue from the MMO.įurthermore, the publisher’s net sales are up by 14.4%. The gaming giant has recently partnered with Xbox to bring Final Fantasy 14 and other games to the platform. Nonetheless, Square Enix will likely recover in the coming months. Previously, Square Enix admitted that Forspoken was a failure and its sales were “lackluster.” Additionally, Square Enix’s MMO sales are down by 22%, and mobile game sales are down by 18.7%. This has likely played a major role in the declining operating income. The game cost over $100 million to develop but ended up falling far behind expectations. Recently, the publisher released games like Forspoken. The report hints that the success of Final Fantasy 16 was not enough to overshadow the other weak releases from Square Enix. Why it matters: Game development is becoming more expensive with each generation, and this also means that losses can be disastrous for publishers and developers. The business recently released its FY24 Q1 Results, and its operating income was down by 78.5% from the previous year. However, Final Fantasy 16’s success has not been enough to boost Square Enix’s operating profits. Despite a few rotten apples, the publisher has many successful IPs and recently displayed an impressive performance with Final Fantasy 16. Square Enix has been a staple of the gaming industry over the decades.
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