Square Enix profits drop after three months of lackluster work

Square Enix saw a 29.9 per cent drop in profits to $53 million after releasing no new games during the three months ending on June 30th 2018Sales meanwhile dropped 20.2 per cent year-on-year to $409 million. The publisher’s digital entertainment arm, which includes its mobile games, saw a revenue drop of 26.5 per cent to $292 million.

A slowdown was expected however from the lack of game from that span , yet it didn’t seemed like titles atthe time weren’t living up to expectations.

Square Enix has pointed out that their mobile and browser games failed to create income from the already existing hits like Final Fantasy: Brave Exvius.

Square also referenced to “the lack of the lump-sum payment of a license fee that we had received in the same period of the previous fiscal year”.

It’s possible that this could refer to a deal with MZ to release mobile 4X strategy game Final Fantasy XV: A New Empire, which soft-launched in April 2017 and released globally shortly after. The title was assumed to have made $380 million as of late, according to market intelligence firm Sensor Tower.

Comment below on what you think of this, I hoped you enjoyed this article. In other news Destiny 2 will “nerf” some of it’s best weapon for Forsaken.

Destiny 2 may be updating their weapons for Forsaken

Michael Borge
Hi! I'm a lifelong passionate gamer and nerdy stuff collector in general who loves to challenge himself at games and topics whether or not they deserve the reputation that they have garnered. Also, I prefer to commentate games out loud while I play them when no one is around. You can follow me on Facebook and Youtube under my moniker Brave Nachos, BYE BYE!!!

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