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Sales Data "Results were in the range of their expectations" for Final Fantasy 16 sales, expensed all costs in FY24 Q1 so future sales will all be profits

Threadmarks Square confirms the game missed the higher end of their sales expectations, cites PS5 install base as limiting factor


    • Square Enix Holdings Co. shares suffered their worst intraday drop in almost three years, erasing a little over a year’s worth of gains, after the company reported a 79% decline in operating profit.
    Hopes that Final Fantasy XVI would boost sales were dashed by the company’s downbeat earnings report Friday, driving the stock down as much as 15% in Tokyo on Monday.
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    Sales of the latest installment of the long-running role-playing title did not meet the high end of the company’s expectations, Square Enix President Takashi Kiryu told analysts on a post-earnings call Friday, according to three people who attended.
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    Slow adoption of Sony Group Corp.’s PlayStation 5 was a limiting factor, Kiryu reportedly said.
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    • Gibson says the use of word "hope" was incorrect New


    • Gibson has deleted original tweets and said this now:

    Hope was not the right word. Sorry. The results were in the range of their expectations, feel the penetration of PS5 performance was quite good. (as they said before when announcing the 3m number).
     
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