Sales Drop 15% in Square Enix Q1 Report

Square Enix, the team behind the classic franchise Final Fantasy, has officially released their financial earnings for the three months ended June 30th, 2022, and numbers demonstrate a drop in sales.

Square Enix’s Digital Entertainment division is comprised of HD Game, MMO, and Mobile/PC browser sub segments as well.

In summary:

• Net sales: $553 million, down 15.5% year-on-year
• Profit: $136 million, up 45% year-on-year
• Digital Entertainment net sales: $397 million, down 23% year-on-year
• Amusement segment net sales: $89 million, up 27% year-over-year
• The HD Games subsection generated $89 million, a decrease of 52.2% from the same period last year
• Mobile/PC Browser games saw a 17% drop year-over-year, clocking $202 million
• MMOs clocked $104 million, a 20.7% growth year-over-year

Square Enix attributed the decline of HD Games to the lack of game releases for the quarter, while also adding that its MMO Final Fantasy XIV continued to see an increase in its monthly subscribers.