Square Enix Financials

VGC reports on Square Enix's latest financial reporting, saying that the Japanese publisher is reporting net sales of ¥23.7bn, which is down 30 percent from the ¥34.1bn of the previous quarter when they released the Final Fantasy VII Remake. They note analysis that the enormous cost of developing Marvel's Avengers also dragged down their bottom line:
Operating income took an even bigger hit from the previous quarter, down from ¥12.5bn profit to a ¥6.5bn loss. According to Japan-based analyst David Gibson, the figures suggest that Avengers cost Square Enix almost $190m to produce and market but only sold around 3 million units.

“It looks like the total cost of the game is closer to $170m-$190m given they only expense 70% of cost in the [quarter] plus marketing costs,” he said. “Why someone didn’t say stop post the multiplayer beta will remain a mystery. Square are adamant they can make a recovery.”

Taking into account the first six months ended September 30, Square Enix’s revenues were up 43% year-over-year to ¥172bn ($1.67bn) and profits were up 46% to ¥16bn ($155m). This was driven by Final Fantasy VII Remake, as well as games for mobile devices and PC browsers.
View : : :
4.
 
Re: Square Enix Financials
Nov 8, 2020, 12:38
4.
Re: Square Enix Financials Nov 8, 2020, 12:38
Nov 8, 2020, 12:38
 
ShakaUVM wrote on Nov 8, 2020, 08:39:
Will it? I saw "micro-transactions" and had zero interest in buying it. Looks like enough people agreed to make it a big loss for SE.

Good example why you should always quote.
Avatar 54727
Date
Subject
Author
1.
Nov 7, 12:39Nov 7 12:39
2.
Nov 7, 16:02Nov 7 16:02
3.
Nov 8, 08:39Nov 8 08:39
 4.
Nov 8, 12:38Nov 8 12:38
  Re: Square Enix Financials
5.
Nov 8, 13:00Nov 8 13:00
6.
Nov 8, 13:45Nov 8 13:45
7.
Nov 8, 15:09Nov 8 15:09