Square Enix, a Japanese game publisher, has faced challenges as its AAA games fell short of profit expectations, leading to the cancellation of unannounced projects. The company is shifting focus to quality over quantity and plans to release its top-tier games on various platforms including Nintendo, PlayStation, Xbox, and PC. This change in strategy comes after a 70% profit drop and a reorganization that the company expects will take years to yield results.
The developer of the hugely popular Final Fantasy and Dragon Quest franchises saw net profit tumble 70% in the fiscal year ended March as Japan's video game industry grapples with ebbing pandemic-era demand and mounting development costs. https://t.co/N995MdzmN3
Square Enix has admitted Final Fantasy 7 Rebirth, Final Fantasy 16, and Foamstars failed to meet its expectations. https://t.co/zf3zQvHdoV https://t.co/0jl8isWBNC
Square Enix stock price plummets after it confirmed a 70% profit drop. Story below: https://t.co/1LstEFSmi5
Shares of Japanese game publisher Square Enix Holdings Co. fell the most in 13 years after its president said sales of recent big-budget games disappointed and that it would take years for a recent reorganization to bear fruit. https://t.co/VrMTddNM7C
Final Fantasy, Dragon Quest lose earnings magic for Square Enix https://t.co/7X1Y93xbtn
The #FinalFantasy publisher is pursuing future releases on "Nintendo platforms, PlayStation, Xbox, and PCs" https://t.co/5T1mMH4GKV
Square Enix has confirmed that it has cancelled a number of unannounced game projects because they don’t fit with its new strategy. https://t.co/XMhqluCOkv https://t.co/7FBijDNLeR
Square Enix is dropping console exclusives in a massive policy change. Story below: https://t.co/GPtGH0NoJs
Square Enix basically confirmed my reporting: -its AAA games failed to meet profit expectations -scrapped business unit, focus on quality over quantity -to release its top-tier games on a wider variety of games, including "Nintendo platforms, PlayStation, Xbox and PC."
Square Enix basically confirmed my reporting: -its AAA games failed to meet profit expectations. -scrapped business unit, focus on quality over quantity -to release its top-tier games on a wider variety of games, including "a Nintendo platform, PlayStation, Xbox and PC."