Square Enix saw 14{d0f68332078ae50ae5cd49ede95b9d76bcf00fa473a5a7068cdab9d644705628} increase in Q1 sales


Japanese publishing giant Square Enix saw a 14 per cent increase in net sales.

That’s according to the company’s financials for the three months ending June 30th, in which the firm reported ¥85.6 billion ($602 million) in net sales. Profit was up 66 per cent for the quarter, bringing in ¥6.3 billion ($44.3 million).

Square Enix’s HD Games division – aka console and PC titles – saw an 142 per cent increase in sales year-on-year, clocking in at ¥29 billion ($204 million).

The biggest contributor to this spike in sales was Final Fantasy 16 for the PlayStation 5, though speaking to investors – as reported by Bloomberg – president Takashi Kiryu said that the game had failed to meet expectations. A shocking turn of events for Square Enix.

The company’s MMOs saw a 22 drop in sales year-on-year, making ¥11 billion ($77.3 million for the quarter.





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