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Square Enix today reported earnings for the first half of its fiscal year, with major releases like Final Fantasy 7 Remake and Marvel’s Avengers driving year-over-year improvement versus a relatively week-long first half last year.
For the six months ending September 30, Square Enix posted revenue that rose 43% year-over-year to 172.73 billion yen ($ 1.67 billion). Earnings also increased 46.3% to ¥ 16.05 billion ($ 155.4 million).
Square Enix sold a total of 12.08 million copies of new games during the first half, split almost evenly between physical and downloadable versions, compared with 8.65 million copies in the first half of last year when its releases Most important were a Switch port from Dragon Quest 11 and Xbox One version of Final Fantasy 10 / 10-2 HD Remaster.
The publisher gave little indication of how Final Fantasy 7 Remake and Marvel’s Avengers performed, but some of their performance can be inferred.
In the first half when Final Fantasy 7 Remake was released, the publisher’s HD Games division posted net sales of 34.1 billion yen ($ 330.1 million) and operating income of more than 10 billion yen. ($ 96.8 million).
For the second quarter, when Marvel’s Avengers launched, Square Enix’s HD Games business posted net sales of ¥ 23.7 billion ($ 229.4 million) and an operating loss of more than ¥ 5 billion ($ 48 ,4 millions).
In other businesses, Square Enix reported that its Final Fantasy 14 MMO saw a drop in revenue over the half year, even as monthly payers and profitability increased.
The publisher’s games for smart devices and the PC browser category also performed well, with Dragon Quest Walk, Dragon Quest Tact, and War of the Visions: Final Fantasy Brave Exvius helping to increase revenue 44% year-over-year. at ¥ 63.5 billion ($ 615 million).
However, the company’s entertainment facilities segment posted a 39% drop in revenue and an overall operating loss of ¥ 1.62 billion ($ 15.7 million) that it attributed to the temporary closure of game rooms. in Japan due to COVID-19.
For the full year, Square Enix expects revenue to rise 11.3% to 290 billion yen ($ 281 billion), with earnings per share of 201 yen ($ 1.95).
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