Please support Game Informer. Print magazine subscriptions are less than $2 per issue
‘Favorable’ Sales Of New-Gen Tomb Raider Propel Square Enix Turnaround
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 Take
This 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.
I’d like to ask you to support Game Informer’s continued coverage of games with a subscription. For less than two dollars per issue, we mail you a full year of 10 print magazines, each with cover stories and preview features filled with exclusive details about the most exciting upcoming games. We profile and interview game creators. We look back on the rich history of gaming, and we celebrate what’s next.
Here on the website, we offer much of our content for free, including game reviews, daily news, videos, event coverage, and more – all with minimal ads.
We do so with a small editorial team, alongside contributing paid writers from around the world – over 65 individuals from 9 countries around the world, just in the last couple of years.
It’s not possible without support.
In a time when game makers and games coverage have faced hard struggles and layoffs, the future of this 30+ year magazine and community is at risk. Our new standalone magazine subscription is the number one way you can keep us alive – and we believe you’ll get a pretty fantastic gaming magazine in your mailbox every few weeks for your trouble.
Thank you.
