Square Enix Reports Full Year Earnings, MMO Revenue Down 11% Year over Year

TL;DR


- Square Enix has reported its full-year earnings for the fiscal year ending March 31, 2023. The company's net sales and operating income both saw declines compared to the previous year, with MMO revenue down 11% year-over-year. This is attributed to a lack of major new MMO releases during the period.

- The company's digital entertainment segment, which includes its MMO and other game businesses, saw net sales decrease by 12.7% year-over-year. Operating income for this segment also declined by 19.1%. Square Enix cited the lack of major new releases as the primary reason for these decreases.

- Despite the overall revenue and profit declines, Square Enix's president Yosuke Matsuda expressed optimism about the company's future, stating that they are working on new titles and initiatives to drive growth. The company is also exploring opportunities in emerging technologies like blockchain and cloud gaming.

Like summarized versions? Support us on Patreon!