The lights are on
It was just a year ago that we reported Square Enix’s disappointment with three major titles, among them Crystal Dynamics’ Tomb Raider reboot. Today, the company has again reported better than expected financial performance, with a call out to Tomb Raider: Definitive Edition’s “favorable” sales.
Square Enix will release detailed financials on May 13, but is advising of better than expected performance. The company plans to report total sales of ¥155 billion ($1.52 billion) against original projections of ¥140 - ¥150 billion ($1.38 - $1.48 billion).
Additionally, both operating income and net income will exceed highest expectations. The latter will come in at ¥6.6 billion ($64.9 million) against a forecast of ¥3.5 - ¥6 billion ($34.4 - $59 million). Finances were better across the board than 2013's year-end report.
In addition to Tomb Raider’s success, Square Enix has identified Final Fantasy X/X-2 HD as a strong performer. We’ll have full details next week.
[Source: Square Enix]
Our TakeThis marks a major turnaround for Square Enix in a year from loss to surplus that exceeds even the most optimistic of projections. A change in leadership and refocusing of the company on what fans are looking for is starting to pay off.