Capcom revenue declines 48% to $184 million for Q1...

Capcom revenue declines 48% to $184 million for Q1 2022

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The quarter saw its digital contents business also decreased 55% to $146 million as Monster Hunter Rise continues to sell

Capcom has released its financial results for Q1 2022, covering the three month period ending in June 30, reporting a year-over-year decrease in revenue and operating income.

The firm reported net sales of ¥25.2 billion ($184 million), a 48% decline during the same period of the previous year.

Operating income dropped by 49% year-over-year, coming in at ¥12 billion ($87.6 million).

For Capcom’s digital contents segment — which covers its video game output — the firm reported a 55% decrease in sales to ¥20 billion ($146 million).

The firm attributed its sales drop to a tough comparison against last year’s Q1 lineup which saw the release of Resident Evil Village but pointed to strong performances from the Monster Hunter franchise.

Monster Hunter Rise: Sunbreak, the newest expansion, has sold 2 million units. Whereas Rise, to date has reached 10 million units sold globally.

Looking ahead, the company reiterated its forecast for the full fiscal year.

Capcom expects net sales of ¥120 billion ($876 million), which would be a six-year record high.

Operating income is forecast to be ¥48 billion ($350.5 million), which would mark ten years of consecutive operating income growth.

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