Square Enix revenue down 15% in the first quarter

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

The payment

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

Square Enix’s Digital Entertainment division is divided into HD Games, MMOs, and Mobile/PC Browser sub-segments.

HD games

The HD games sub-sector had net sales of 12 billion yen ($89 million), down 52.2% from the same period last year.

The company said the decline was due to the lack of game releases for the quarter. Last year Square Enix released the RPGs Outriders and Nier Replicant in the quarter.

Square Enix’s biggest HD game release during this period was the Outriders: Worldslayer expansion, which released on the last day of the quarter.

Mobile/PC Browser

Mobile/PC browser games brought in 27.3 billion yen (US$202 million), down 17% year over year.

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

Square Enix said the latest Mana title “got off to a solid start” when it launched in April, but failed to make up for “weak performances” from existing games.

MMO’s

During the quarter, MMOs brought in 14 billion yen ($104 million) in revenue, up 20.7% year over year.

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

In addition, the publisher’s earnings showed that it sold a total of 4.28 million copies of both downloaded and packaged games in the first quarter. That number represents a 57% decline year over year.

looking ahead

The company said it would later provide consolidated guidance once it can be “reasonably calculated,” a delay it attributed to the impact of the May sale of Eidos, Crystal Dynamics and Square Enix Montreal to Embracer.

Additionally, according to analyst David Gibson The Final Fantasy maker is reportedly considering selling shares in its wholly-owned studios.

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