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.

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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.

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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
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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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