SQUARE ENIX HOLDINGS has released the financial results for the nine months ending December 31, 2024. It reported a decline in net sales due to weaker performance from existing titles and lower revenue from new releases compared to previous hits like Final Fantasy 16, despite the launch of the new mobile IP Emberstoria in Japan.
Key Financials
- Net Sales: ¥248.5 billion ($1.6 billion, down 3.5% YoY)
- Profit: ¥24.7 billion ($161.9 million, down 7.7% YoY)
- Digital Entertainment Net Sales: ¥160.3 billion ($1.05 billion, down 10.7% YoY)
Segment Highlights
- Square Enix‘s Mobile & PC Browser Decline: This sub-segment experienced a 58.5% drop in operating profit, falling to ¥5.6 billion ($36.7 million), due to weaker performance in existing titles.
- HD Games Profit Surge: Despite the overall sales decline, the HD Games segment saw a 70.3% increase in operating profit, reaching ¥4.6 billion ($30.2 million), driven by strong sales of Dragon Quest 3 HD-2D.
- MMO Growth: The MMO sub-segment recorded a 26.4% rise in net sales to ¥44 billion ($288.6 million), fueled by the successful launch of Final Fantasy 14: Dawntrail in July 2024.
Publication Segment
Net sales and operating income declined compared to the previous year despite stable performance. This was attributed to a year-on-year dip in The Apothecary Diaries sales following last year’s anime-driven surge and higher costs associated with upcoming releases.
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