Square Enix has released its latest earnings report, and despite its gaming side operating at a loss for the last two consecutive quarters, the company has managed to achieve year-on-year growth and actually remain profitable in the process.
Over the course of nine months that ended in December 2020, Square Enix reported an increase in net sales of 33.7% when compared to the same period in 2019.
This saw the company’s operating income rise by 47.7% to 41,022 million yen and while it was profitable, those figures were down by 4.3% when compared to 2019’s numbers. Final Fantasy VII Remake proved to be a big hit for Square Enix, and the Q1 release saw net sales fly past being better than double that of the company’s best period in 2019, earning 34.1 billion yen.
It’s not all good news though, as the fall in profits lines up with the release of Marvel’s Avengers in Q2, which not only had average reviews but also struggled to establish a healthy playerbase and sold below expectations.
Sales on MMO games such as Final Fantasy XIV and Dragon Quest X also dipped in 2020, but the division still managed to remain profitable thanks to players generating revenue inside of those games.
