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Square Enix Announces Financial Results Decline but FF14’s Strong Performance Continues

Final Fantasy XIV keeps going strong even among decline for Square Enix's overall performance.

Today Square Enix announced its financial results for the first half of the fiscal year ending on March 31, 2023, which is the period between April and September 2022.

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We learn that net sales for the whole group decreased 3.3% year-on-year, while operating income decreased 10.6% year-on-year.

The Digital Entertainment business, which includes video games, saw a drop in net sales by 9.5% year-on-year, while operating income decreased by 16.6% year-on-year.

This drop in both revenue and income was chalked to lower sales of new games.

That being said, the MMO segment of the business saw sales increase year-on-year thanks to the growth of paying subscribers of Final Fantasy XIV.

Full Metal Alchemist Mobile “got off to a brisk start” but couldn’t compensate for the negative performance of older games, so the overall sales of mobile and browser games also dropped year-on-year.

Incidentally, digital sales took once again the vast majority of Square Enix’s business, earning 108.8 billion yen compared to only 8.3 at physical retail.

Final Fantasy XIV has been a major driver of Square Enix’s business for a while, with CEO Yosuke Matsuda recently praising its performance; recently we learned that it has passed 27 million registered players and is close to 28.

The game is currently available for PS5, PS4, and PC.

Below you can find all the relevant charts for the financial results.

If you want to compare today’s results with historical data, you can check out the results published in August, related to the previous quarter.


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Image of Giuseppe Nelva
Giuseppe Nelva
Proud weeb hailing from sunny (not as much as people think) Italy and long-standing gamer since the age of Mattel Intellivision and Sinclair ZX Spectrum. Definitely a multi-platform gamer, he still holds the old dear PC nearest to his heart, while not disregarding any console on the market. RPGs (of any nationality), MMORPGs, and visual novels are his daily bread, but he enjoys almost every other genre, prominently racing simulators, action and sandbox games. He is also one of the few surviving fans on Earth of the flight simulator genre.