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Square Enix Announces YoY Growth of Revenue & Profits for First Nine Months of the Fiscal Year

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Square Enix Announces YoY Growth of Revenue & Profits for First Nine Months of the Fiscal Year

Square Enix announced its financial results for the first nine months of the fiscal year, related to the April 1-December 31 2020 period.

Today Square Enix announced its financial results for the first nine months of the fiscal year, related to the period between April 1 and December 31, 2020.

The company as a whole reports substantial growth year-on-year of both net sales and operating income.

The Digital Entertainment segment of the business (which includes games) reports similar results.

If we look at the results of the past quarter, they’re more nuanced, with the Digital Entertainment segment growing revenue but generating fewer profits.

Considering the sub-segments, the HD Games segment shows strong growth in revenue year-on-year for the nine months, but it has actually lost money in the past two quarters following the release of Marvel’s Avengers. Final Fantasy VII Remake and sales of digital catalog games (released in the past fiscal year) helped keep the overall balance profitable.

The MMORPG segment which includes Final Fantasy XIV and Dragon Quest X saw a decline in net sales due to the year-on-year comparison against expansion launches, but profit grew year-on-year due to the recurring revenue they generate.

On the other hand, mobile games kept growing year-on-year both for sales and profit due to earnings contributions from titles like Dragon Quest Walk, War of the Visions: Final Fantasy Exvius, and Dragon Quest Tact.

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

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