Square Enix financial report specifically cites Final Fantasy XIV as a reason for their success

0
Square Enix financial report

“A major contribution”

A brand new Square Enix financial report (for the fiscal year ending March 31, 2022) calls out Final Fantasy XIV in a front and center fashion: and things are looking good for fans of the series.

Not only did the next expansion get a soft confirmation recently (amid comments that the game would continue for at least a decade more in theory), but the company cites Final Fantasy XIV: Endwalker as a big reason why there was an uptick in their games division, noting: “Net sales and operating income rose YoY with a major contribution from the Final Fantasy XIV expansion pack launched in December 2021.” This is in light of a direct comparison of “weak performance for existing titles” for mobile/browser-based games (not PC gaming in general, which is put under the “HD Games” moniker of the Square Enix financial report).

In terms of future plans, Square Enix intends to “strengthen their IP ecosystem” following the sale of several IPs to the Embracer Group, and “optimize their business structure” in this new global landscape. Prongs of the former plan involve creating new IP specifically under the Square Enix banner (expect that to come to fruition as early as 2023), and establishing new studios to facilitate that plan.

Of course, as per the CEO’s own comments earlier in 2022, some of those plans involve “initiatives to promote [the] blockchain entertainment domain.” That “Blockchain Entertainment Business Division” was created in February of 2022, with the intent of “tackling scalability in NFT economic zones and experiences.”

Square Enix focusing more on internal IP could yield great games for fans, but of course, we’re also getting a monkey’s paw situation here.

Chris Carter

Reviews Director, Co-EIC – Chris has been enjoying Destructoid avidly since 2008. He finally decided to take the next step, make an account, and start blogging in January of 2009. Now, he’s staff!

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Gaming News Click Here 

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
Leave a comment