EntertainmentGamesSquare Enix Q1 sales decline by 15%

Square Enix Q1 sales decline by 15%

-

- Advertisment -spot_imgspot_imgspot_imgspot_img

The quarter saw the publisher’s units sold decrease by 57% year-over-year, while Final Fantasy 14’s monthly subscribers continue to grow


Final Fantasy maker Square Enix released its financial earnings for the three months ended June 30, 2022.

The numbers

  • Net sales: ¥74.8 billion ($553 million), down 15.5% year-on-year
  • Profit: ¥18.4 billion ($136 million), up 45% year-on-year
  • Digital Entertainment net sales: ¥53.6 billion ($397 million), down 23% year-on-year
  • Amusement segment net sales: ¥12 billion ($89 million), up 27% year-over-year

Square Enix’s Digital Entertainment division is broken down into HD Game, MMO, as well as mobile/PC browser sub segments.


HD Games


The HD Games subsection generated ¥12 billion ($89 million) in net sales, a decrease of 52.2% when compared to the same period last year.


The firm said the decline was attributable to the lack of game releases for the quarter. Last year Square Enix saw the launches of RPGs Outriders and Nier Replicant during the quarter.


Square Enix’s biggest HD Games release of the period was the Outriders: Worldslayer expansion, which launched on the last day of the quarter.

Mobile/PC Browser


Mobile/PC Browser games amassed ¥27.3 billion ($202 million), a decrease of 17% year-over-year.


The segment only saw one release with the launch of free-to-play Echoes of Mana.


Square Enix said that the newest Mana title “got off to a solid start” during its launch in April, but could not offset “weak performances” by existing games.


MMOs


During the quarter MMOs made ¥14 billion ($104 million) in revenue, representing a growth of 20.7% year-over-year.


Square Enix noted that its MMO Final Fantasy XIV continued to see an increase in its monthly subscribers.


Additionally, the publisher’s earnings revealed that it sold a total of 4.28 million copies for both downloaded and packaged games during Q1. That figure represents a drop of 57% year-over-year.


Looking ahead


The firm said it would provide consolidated forecasts later as soon as they can be “reasonably calculated”, a delay which it attributed to the impact of selling Eidos, Crystal Dynamics, and Square Enix Montreal to Embracer during May.


Additionally, as per analyst David Gibson the Final Fantasy maker is reportedly considering whether it will sell stakes of its wholly owned studios.

Read More

Latest news

Mario Strikers: Battle League Version 1.1.1 Is Now Live, Here Are The Full Patch Notes

Update today by Liam Doolan 2 hours agoMario Strikers: Battle League has just received a new update. It bumps...

Nintendo Announces The Next N64 Game For Switch Online + Expansion Pack

Wave Race 64 makes a splash later this week by Liam Doolan 2 hours agoNintendo hasn't outlined the future...

Disney & Marvel Announce First Ever Games Showcase, Airing September 9th

Avatar, Lego Star Wars and more! by Liam Doolan 3 hours agoFollowing on from THQ Nordic's digital showcase last...

Fortnite’s Dragon Ball Crossover Trailer Appears To Have Leaked, Here’s A Look

This collab is over 9000! by Liam Doolan 3 hours agoUpdate : Well, it seems the official trailer for...
- Advertisement -spot_imgspot_imgspot_imgspot_img

Gamescom 2022: Everything You Need To Know

It's August, and that means that Geoff Keighley's Never-Ending Train Of Games is chugga-chuggin' into Cologne, Germany for the...

Nipsey Hussle Receives Star on Hollywood Walk of Fame: ‘He Lives Forever’

Revered rapper Nipsey Hussle was posthumously honored with the 2,729th star on the Hollywood Walk of Fame on what...

Must read

Rivian, Lucid rush to help buyers with existing EV tax credit before it expires

Luxury electric vehicle startups Rivian Automotive and Lucid Motors...

Aston Martin DBR22 concept car bows at Pebble Beach

Aston Martin is rolling out a concept car this...

VW, Mahindra deepen EV component cooperation

FRANKFURT -- Volkswagen Group and Mahindra and Mahindra will...
- Advertisement -spot_imgspot_imgspot_img

You might also likeRELATED
Recommended to you