"PlayStation is KILLING Square Enix!!"
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Sales of Square Enix games have dropped compared to last year, despite the high profile release of Final Fantasy 7 Rebirth.
According to its latest earnings report, the company's overall net sales dropped by 18.4 percent year-on-year for the most recent quarter. In this video DreamcastGuy talks about the impact of Sony making the future Final Fantasy games a console exclusive to PS5 and the lack of market reach they will achieve now.
This is driven in part due to a decline in sales of new games. By comparison, the same quarter in 2023 saw the release of Final Fantasy 16 and the Final Fantasy Pixel Remasters.
Square Enix Latest Financial Results!
Net Sales: -18.4%
Operating income: +250.1%
HD Games net sales down due to decline in sales of new titles compared to last year which had FF16 & FF Pixel Remaster
But HD Games turned profitable due lower development and advertising costs
MMO sub-segment up YoY
Games for Smart Devices/PC Browser sub segment sales down but operating income up
Publication Net Sales: +15.8%
Amusement Net Sales: +13.9%
Merchandising Net Sales: -6.4%
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