Sega Sammy has published its financial results for the nine months ended December 31, 2024, during which it announced the cancellation of Football Manager 2025.The Sports Interactive title was delayed last October, with Sega reaching the decision due to difficulties in "ensuring significant product quality expected by the March release."Overall, Sega experienced a decline in net sales and profit.
However, it saw a 88% increase in profit for its Entertainment Contents division which it partly attributed to the success of Sonic the Hedgehog 3.Here's what you need to know: For the nine months ended December 31, 2024 Sammy Sega attributed part of its decline in net sales and operating income to the sale of overseas developer Amplitude Studios in November 2024.
The firm recorded a loss of approximately ¥6.1 billion ($40 million) following a management buyout.However, Sega saw strong performance in its Entertainment Contents segment, which includes games, with net sales up 8.2% to ¥238.6 billion ($1.5 billion) and profits rising 88% to ¥37.5 billion ($246.9 million).There were two major launches during this period: Metaphor: ReFantazio on October 11, 2024, and Sonic X Shadow Generations on October 22.Metaphor: ReFantazio is currently "exceeding expectations," while Sonic X Shadow Generations has "steadily increased its sales" and has surpassed two million units in global cumulative sales.During Q3, Sega announced the cancellation of Football Manager 2025, which was scheduled to launch in March.
It recorded a "loss associated with a write-down of inventory assets" as a result.The decision to cancel the title was made "because, despite aiming the development for significant advancements in the standard series" it "was determined that it would be difficult to ensure significant product quality expected by the March release."Development assets from Football Manager 2025 will instead be used in its sequel.The Sports Interactive title was delayed last October to give the team