Square Enix and Lightspeed Studios (Tencent) have announced Final Fantasy XIV Mobile, a new adaptation of the popular MMORPG, bringing the world of Eorzea to mobile devices. This mobile version aims to offer a faithful recreation of the original game’s story, mechanics, and immersive features while making the experience accessible to a broader audience. The game will first launch in [...]
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Square Enix its Big Final Fantasy Titles Underperformed in Q1 2024 r20f
It’s been a tough fiscal quarter for Square Enix, and even the mighty Final Fantasy franchise couldn’t save the day. In a recently published financial report courtesy of Eurogamer, Square Enix president Takashi Kiryu confirmed that Final Fantasy 7 Rebirth and Final Fantasy 16 both fell short of sales expectations for May 2024. “We released multiple new titles, including major [...]
Read moreSquare Enix Reports Full Year Earnings, MMO Revenue Down 11% Year over Year 484g5e
Square Enix released its full-year earnings report for the period from March 31, 2023, to March 31, 2024, revealing a notable decline in MMO revenues, which were down ~11% year over year. MMO Business Performance: Revenue Decline: MMO revenues, encoming "Final Fantasy XIV" and "Dragon Quest X," dropped by approximately 11% in Japanese Yen . The vast majority of MMO [...]
Read moreSquare Enix Warns Investors To Brace For $140 Million In Losses From Canceled Games 21271t
Square Enix is still crunching the numbers for its Q1 2024 financial report but it’s already giving investors fair warning that bad news is on the way. The studio revealed in a memo to investors earlier this week that they’re expecting “extraordinary losses” to the tune of $140 million following the cancellation of multiple games in its portfolio. The cancellations [...]
Read moreSquare Enix Lost $2 Billion As Its Stock Value Plummets To Its Lowest Point This Year 1c1c2y
It’s been a rough week for Square Enix financially as the Final Fantasy studio saw its stock value drop a whopping $2 billion and its stock prices plummet by 28%, its lowest point this year. As a result, several analysts have reduced their price target for the company, which in turn has caused investors to rethink their investments, one of [...]
Read moreSquare Enix Reports CY Q2 2023 Earnings - MMO Revenue Drops 22% While Profit Tanks 65% 103p1x
Square Enix reported their calender year Q2 2023 (April-June) earnings report today and in it there were some disappointing figures. While total revenue increase 14.4% year over year (thanks to 8 days of Final Fantasy XVI revenue contribution), profits collapsed 65%. The company attributed the weak profits partially to increased amoritzation of FF16 development costs. The MMO and mobile game [...]
Read moreSquare Enix Revenues Drop Over The Past Year As The Studio Dives Deeper Into Blockchain 1av6b
Square Enix has released its 2022-2023 fiscal year report and the results aren’t great for the company’s primary gaming divisions. With total net revenues down by 6%, profit dipping by 3%, and a 13% drop in overall digital entertainment revenue, the report points out that disappointing sales of new HD games, underperformance of new mobile games, and the lack of [...]
Read moreSquare Enix Goes Full Steam Ahead On Its NFT Game ‘Symbiogenesis’, Official Website Now Live 1i135x
You’d probably think that Square Enix would have given up on its plans to dabble in blockchain gaming, but it’s still moving forward with its plans to launch an NFT game called Symbiogenesis. The game’s website has just gone live with more information about the blockchain title that’s being billed as “narrative-unlocked NFT entertainment.” The website talks up the [...]
Read moreSquare Enix President Still Believes Blockchain Is The Future Despite Crypto Crash 326f3b
2022’s big crypto crash and the subsequent demise of several blockchain and NFT games apparently isn’t enough to deter Square Enix President Yosuke Matsuda’s ambitions to break into the blockchain market. In his New Year’s Letter from the President, Matsuda asserts that blockchain technology is the future of games and that it remains an untapped market. He also insists that [...]
Read moreBattalion 1944 Studio Parts Ways With Square Enix, Free Version Launching On Steam 2e6t3m
If you’re looking for a World War II multiplayer shooter but don’t want to spend any money, then you might want to keep an eye out for Battalion 1944’s free-to-play version. The games developer, Bulkhead Interactive, has recently parted ways with Square Enix and is planning to release a “revisited and final version” of the game on Steam for free, [...]
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