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Square Enix Announces Strong Financial Results as Final Fantasy XIV Subscribers Continue to Grow

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Square Enix Announces Strong Financial Results as Final Fantasy XIV Subscribers Continue to Grow

Square Enix announced its financial results for the first haf of the fiscal year, related to the period between April 1 and September 30.

Today Square Enix announced its financial results for the first haf of the fiscal year, related to the period between April 1 and September 30.

Speaking of the whole company, both net sales and operating income increased sharply (+43% and +98.9% respectively) year-on-year.

Speaking of the Digital Entertainment business, which includes games, growth year-on-year was even more relevant (+66.8% net sales and +102% operating income).

In particular, speaking of the Digital Entertainment business we get a breakdown of performance of its various segments.

For HD Games (Console and PC games), the release of Final Fantasy VII Remake and Marvel’s Avengers on top of growth in digital sales of older titles caused a growth in net sales year-on-year for the six-month period, while profit returned to the black. It’s worth mentioning that the quarterly data shows a big positive spike during the quarter that saw the release of FFVII Remake and a loss during the quarter in which Avengers released, balancing out in the six-month period.

In the MMO segment, net sales were lower year-on-year due to the comparison with the launch of Shadowbringers, but the number of Final Fantasy XIV monthly subscribers grew, resulting in higher profit.

In the mobile segment, Dragon Quest Tact had a strong start and older games like Dragon Quest Walk and War of The Visions: Final Fantasy Brave Exvious contributed to earnings, resulting in growth year-on-year for both sales and profit.

Square Enix also announced its forecasts for the full fiscal year. The company expects both its overall results and the Digital Entertainment-specific results to show growth year-on-year.

If you’d like to compare, you can check out the results for the previous quarter, released in August.

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