Square Enix reports $1.02 billion in sales, largely thanks to mobile games
Square Enix continues making some of the most popular RPG games in the industry, and their numbers sure don’t disappoint. The renown game developer has just published its FY17 earnings report, which ends on September 30th, and it seems they are making some mad sales.
According to this report, Square Enix has reached $1.02 billion in sales, a 23% over last year. Not everything is good news, though, as profits did drop by 25%. Square Enix mentions this is due to poor mobile game performance from titles released during this fiscal year, as well as their high expenses on console games.
Regardless, things seem to be looking up for the mobile segment (Digital Entertainment). This section saw a 30.1% increase year-over-year, with sales reaching $748.5 million. This is said to be in big part thanks to mobile games such as Mobius Final Fantasy, Final Fantasy Brave Exvius, Hoshi no Dragon Quest and Grimms Notes
Square Enix is placing its bets on large console games to come, as well as some mobile titles like Guardian Codex, Dissidia Final Fantasy Opera Omnia and Star Ocean: anamnesis. We will have to wait and see if those can bring profits up, though.