Square Enix Q1 sees sales bump by 14%
Sign up for the GI Daily here to get the biggest news straight to your inbox
Final Fantasy creator Square Enix released its financial earnings for the three months ended June 30, 2023.
Square Enix's Digital Entertainment division is broken down into HD Games, MMO, and mobile/PC browser sub-segments.
The HD Games subsection generated ¥29 billion ($204 million) in net sales, an increase of 142% compared to last year.
The firm attributed the revenue bump to the two additions to its Final Fantasy game offerings, one of them being Final Fantasy Pixel Master.
But Square Enix's biggest HD Games release of the period was Final Fantasy 16, which launched on June 22. As of June 29, the title had sold three million copies.
As reported by Bloomberg, president Takashi Kiryu said in a post-earnings report call that Final Fantasy 16 did not meet sales expectations. The executive reportedly said that the slow adoption of Sony's PlayStation 5 console played a factor in the RPG's sales performance.
Mobile/PC browser games amassed ¥22.3 billion ($157 million), a decrease of 18% year-over-year.
The segment only saw one release with the launch of free-to-play Dragon Quest Champions. Square Enix currently has 19 games identified as "major operating titles" for the division.
During the quarter, Square Enix MMOs made ¥11 billion ($77.3 million) in revenue, representing a drop of 22% year-over-year.
The segment's performance was due to decreasing sales for Final Fantasy 14 and Dragon Quest 10, Square Enix said.
The publisher's earnings revealed that it sold 7.54 million game copies across its portfolio during Q1 FY2024 – a 76% growth year-over-year.
In its forecast, Square Enix announced that it expects net sales of ¥360 billion ($2.5
Read more on gamesindustry.biz
