Square Enix Announces Lower Than Expected Financial Results Owing To Underperforming Mobile Games

As well as because of greater cost of development and advertising.

Posted By | On 05th, Feb. 2019

It’s not just Sega that is feeling the heat thanks to underperforming mobile games. Square Enix has reported its latest financial results, and while they are still making money (unlike Sega, who are reporting an “extraordinary loss”), they are making less money than they expected. The culprit? As you may have suspected based on the headline, underperforming mobile games.

While new launches such as Octopath Traveler and Shadow of the Tomb Raider allegedly did well for Square Enix, they could not compensate for the underperformance of their newly launched mobile and browser games. Those losses, coupled with “greater amortization of development costs for major new titles and increased advertising expenses,” have led to the weaker than expected financial results for the company.

Square has said that it intends to focus on select hits and IP across mobile and console games alike to counter this, which will probably work well for it in the future. Given that Kingdom Hearts 3 has been a very successful launch for them as well, we can also assume that their end of the year results will be in a better state than this last report is.


Amazing Articles You Might Want To Check Out!



Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

God of War Ragnarok PS5 Bundle Discounted by $50 Until April 16

God of War Ragnarok PS5 Bundle Discounted by $50 Until April 16

Sony has introduced a 9% discount for the bundle, and is selling it at a price of $509.99 until mid-April.

Ghost of Tsushima Movie Will “Exceed What the Game Has Done with its Visuals”

Ghost of Tsushima Movie Will “Exceed What the Game Has Done with its Visuals”

"To really try and not only live up to but exceed what the game has done with its visuals is completely fascin...

Bloober Team Believes its Future Projects Can Sell Over 10 Million Units

Bloober Team Believes its Future Projects Can Sell Over 10 Million Units

The Polish developer has big ambitions for the future, and says 10 million units sold will be a realistic esti...

Gran Turismo 7 is Getting Five New Cars with its Upcoming Update

Gran Turismo 7 is Getting Five New Cars with its Upcoming Update

For the second successive month, Polyphony Digital's racing sim will add five new cars to its roster with its ...

Resident Evil 4 Remake Hits Peak Steam Concurrent User Count of Over 168,000 Players

Resident Evil 4 Remake Hits Peak Steam Concurrent User Count of Over 168,000 Players

Capcom's acclaimed survival horror remake has enjoyed the series' biggest launch on Steam to date.

Final Fantasy 16 Will Feature 4K/30 FPS and 1440p/60 FPS Modes

Final Fantasy 16 Will Feature 4K/30 FPS and 1440p/60 FPS Modes

Producer Naoki Yoshida has revealed details on what players can look forward to from the RPG's Quality and Per...