Shares of Square Enix Japan fell nearly 15% when its latest financial results were released, although multiple sources contradict each other. Some say that Final Fantasy 16 on PS5 lived up to their expectations, while others say that it lives up to their predictions.
Square Enix continues publishing on PS4, PS5, Xbox, Nintendo Switch, PCSteam Deck in mobile phones horse iOS in Android after Final Fantasy 16, which they classified as a success, but now theirs Actions fall by 15%. Japan.
The company’s latest financial report we see at VGC was released last Friday for the second quarter of 2023, and it said revenue was up about 14% year-over-year; but profits fell by about 65%.
When the Tokyo Stock Exchange closed on Friday, Square Enix shares traded at 6,366 yen and when they opened today they were ¥5566. This figure remained stable throughout the day, at one point dipping to ¥5,457.
That’s the company’s lowest price since May 2022 and, according to Bloomberg, the worst intraday drop in three years. The same media also claim that one of the reasons for such disappointing results was FF16 release on consoles.
The publication refers to three different sources who were present atSquare Enix conference after the results were presented, and they all said that President Takashi Kiru confirmed it.
Kiru himself said that the game’s initial sales, according to Bloomberg, “did not live up to the highest level of expectations in the company“and this”slow adoption of PS5“was also a limiting factor.
The console went on sale in November 2020, and after a shortage situation due to a more controlled pandemic, it should open up opportunities for increase software sales.
But analyst David Gibson claims the opposite and that he initially said – after attending the SE meeting – that the company expected the PS5 to give the game more sales.
“Waiting was not the right word. i’m sorry The results were in line with their expectations, they believe that the insight into the performance of the PS5 was quite good“, he comments.
U a post via Elon Musk’s social network claims that this is the same thing they were already saying when they announced 3 million games sold.
Actual A Final Fantasy exclusive on Sony PlayStation consoles reached this number of games sold a week after going on sale in June, Square Enix was happy to announce it.
These numbers showed – and continue to do so – that Final Fantasy 16 sales at launch They were almost on par with Final Fantasy 7 Remake on PlayStation 4.
Which public figure can be listened to?
Of course, each opinion will be taken to suit each individual’s interests, but FF7Remake sold 3.5 million copies in ten days on a console with a multi-year lifespan and many more units sold.
Although Final Fantasy XV remains unsurpassed the best-selling game in the Final Fantasy saga, with 5 million physical and digital copies in the first 24 hours; although it was multi-platform.
Let’s see how it goes Square Enix’s stock price has since fallen¿las Sales of Final Fantasy 16 on PS5 may or may not have met their expectations?
