Square Enix sales drop year-on-year, despite release of Final Fantasy 7 Rebirth

TL;DR


- Square Enix's sales have dropped year-over-year despite the release of Final Fantasy 7 Rebirth. The company's net sales for the first half of the fiscal year 2023 were 170.5 billion yen, a decrease of 7.5% compared to the same period in the previous year. This decline was attributed to lower sales of new titles and a decrease in digital sales.

- The release of Final Fantasy 7 Rebirth, the highly anticipated second part of the Final Fantasy 7 Remake trilogy, did not have a significant impact on Square Enix's overall sales performance. The company's operating income also declined by 13.3% year-over-year, suggesting that the game's launch did not provide the expected boost to the company's financial results.

- Square Enix has revised its full-year sales and profit forecasts downward. The company now expects net sales of 370 billion yen and operating income of 55 billion yen, down from its previous forecast of 380 billion yen and 60 billion yen, respectively. This adjustment reflects the weaker-than-expected performance in the first half of the fiscal year and the company's cautious outlook for the remainder of the year.

Like summarized versions? Support us on Patreon!