In the realm of investor relations, Square Enix has unveiled aged documents conversing with investors at the May 2024 earnings call (which coincided with their announcement to pivot towards creating multi-platform games), only recently surfacing on the web yesterday, September 18, 2024.
Within this document, the insights of Takashi Kiryu, the President of Square Enix, candidly acknowledge that both Final Fantasy XVI and Final Fantasy VII Rebirth fell short of profit projections. In the HD Games sub-segment, they introduced a range of new titles, prominently featuring “FINAL FANTASY XVI” and “FINAL FANTASY VII REBIRTH,” yet the financial gains failed to align with their anticipations.
Moreover, Kiryu also addressed the lackluster sales performance of the Foamstars shooting game (recently transformed into free-to-play last month). Currently, there is no elaboration on why Square Enix chose to only now disclose this document to investors on their website after several months have passed. However, it is now apparent that the company has redefined its strategy to focus on multi-platforms, officially acknowledging that FF16 and FF7 Rebirth did not meet their aspirations, although specific sales figures have not been disclosed.
Source: Square Enix (PDF) via Eurogamer
TLDR: Square Enix released archived documents revealing underwhelming profits from titles like Final Fantasy XVI and Final Fantasy VII Rebirth, signaling a strategic shift towards multi-platforms amidst lackluster sales.
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