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Square Enix Profits Up In 2016
Square Enix has released its earnings report for the nine-month period that ended Dec. 31, 2016. And thanks in part to releases including Final Fantasy XV and the PlayStation 4 version of Rise of the Tomb Raider, the company's profit and revenue are both up over last year.
The company pulled in a total of 190 billion Yen (about $1.7 billion), which is up from the 152 billion in revenue it earned in the same period the year before. That's an increase of a little more than 24 percent. From that total, Square Enix's profit was 17 billion Yen (about $151 million) – a 26-percent jump from the previous 13.5 billion.
In its report, Square Enix cited the Final Fantasy and Rise of the Tomb Raider releases, as well as "strong download sales of catalogue titles released previously" as having led sales on console. Its MMO revenue is steady, despite major content updates during the reported period. Additionally, mobile and browser-based games have been enjoying significant earnings increases.
[Source: Square Enix]
Our Take
Square Enix has a fairly long post-release plan for Final Fantasy XV, so it should be interesting to see if it helps pull its weight as we move into the next fiscal period.
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