Square Enix Profits Are Up In 2016 Thanks To Final Fantasy XV And Rise Of The Tomb Raider

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Square Enix also put out their third quarter sales earnings report for the nine-month period ending December 31, 2016. Square saw an upswing of net sales totaling ¥190,084 million for an increase of 24.4% from the prior fiscal year. Their operating income of ¥21477 million equates to a decrease of 9.7% over 2015. Which is understandable if nothing else. Games get more and more expensive to make and Final Fantasy XV was not a cheap game to make.

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Profits are up for Square and the company cites the launches of blockbuster series titles – namely, Final Fantasy XV and Rise of the Tomb Raider – for the increase, as well as an uptick in downloads of previous titles, and their mobile successes with Final Fantasy Brave Exvius and the Dragon Quest titles. MMO sales seem to be in a holding pattern, despite major content updates to Final Fantasy XIV Online.

Square Enix expects their sales to continue in an upwardly fashion through to the end of the fourth quarter on March 31, 2017. They are estimating their net sales to amount to ¥250,000 – 270,000 million for anything from a 16.8% increase to a 26.1% increase in net sales.

Likely, Square is hoping that their extended content for Final Fantasy XV continues to keep those sales going high as their 20 Years of Tomb Raider anniversary is essentially over. You can check out the detailed report from Square here.

About Madeline Ricchiuto

Madeline Ricchiuto is a gamer, comics enthusiast, bad horror movie connoisseur, writer and generally sarcastic human. She also really likes cats and is now Head Games Writer at Bleeding Cool.

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