We continue with the near-endless march of financial reports out of gaming companies in May, and this one is another biggie, as Square-Enix has put out its latest fiscal year report, and it is not particularly sunny, with sales and revenue figures down across all of the company’s primary gaming divisions.
Total net revenues for the past year were down by 6% YOY at $2.54B, profit dipped 3% YOY at $364M, and its overall digital entertainment revenue dropped 13% at $1.8B. Breaking the numbers down by category, the company’s HD games segment saw 10% fewer net sales, revenue in the MMO segment dropped by 14%, and its mobile division dipped by 13%. The report remarks that disappointing sales of new HD games, underperformance of new mobile games, and no expansion for Final Fantasy XIV were all contributing factors.
The report also sees the company continue to talk up its blockchain gaming aspirations in its opening statements to investors. “We are a content company. As such, our mission is to create new excitement of a sort never seen before using new technologies and new ways of thinking. Blockchain technology presents us with the challenge of seeing what sort of new excitement we can create with it. We will remain aggressive in taking on this new field,” reads part of the report.
• Square-Enix Q1 2024: Profits plummet as it promises to ‘reboot and awaken’
• Square-Enix FY2022: Revenues decline as company remains ‘aggressive’ on blockchain
• Square-Enix claps hands with a blockchain game platform that ‘hides web3 technology under the hood’
• Square-Enix is still all-in on its NFT game, Symbiogenesis
• Square-Enix is relocating its Japanese offices to Shibuya in late 2024
• Square-Enix’s Babylon’s Fall went out with the wimpiest of whimpers
• Following another weak quarter, Square-Enix will replace Yosuke Matsuda as president
• Square-Enix says net sales are down across the board because of ‘weak’ catalog titles and no MMORPG expansion
• Square-Enix’s Yosuke Matsuda is still all-in on blockchain and NFTs even after 2022
• Square-Enix Q3 2022: Final Fantasy XIV subs continue to grow along with company’s NFT aspirations
• Final Fantasy XIV is a bright spot on Square Enix’s otherwise bleak quarterly report
• Square-Enix finally makes good on its threat of selling NFTs with NFT-linked action figures
• Square-Enix’s president is still bullish on the prospect of NFTs and blockchain in gaming
• Square Enix’s looter shooter Babylon’s Fall launched, but nobody showed up to play
• Square Enix president lauds blockchain for play-to-earn and ‘self-sustaining game growth’ potential
• Square Enix earnings drop, FFXIV subs rise, and NFT is here to stay
• Square-Enix Q2 2021 financials: Final Fantasy XIV’s subs are up
• No, Square-Enix is not looking to be bought out
• MMO Business Roundup: Microsoft’s ZeniMax Vault, Square’s financials, and the Fortnite ‘scapegoat’ lawsuit
• FFXIV Shadowbringers boosted Square Enix’s financials, Nexon sees 24% YOY revenue drop
• Square Enix vows to support Final Fantasy XIV instead of working on another MMO sequel
• Square-Enix Q1 2019 financials: Final Fantasy XIV helps drive revenue spike
• Square-Enix posts annual revenues up, MMO revenues down with ‘brisk’ subs ahead of FFXIV expansion
• Square-Enix’s latest financials show a decrease in sales and profits for the past nine months
• MMO Business Roundup: Japanese lockboxes, POGO and Square Enix financials, and Prima’s end
• Final Fantasy XIV makes both Sleipnir and financial earnings fly
• Square-Enix financials show steady incoming but slow sales on online gaming
• Square-Enix saw MMO profits from FFXIV and FFXI dip in 2016
• Square-Enix’s 2015 sales and profits were up, thanks in part to Final Fantasy XIV
