Square Enix has admitted Final Fantasy 7 Rebirth, Final Fantasy 16, and Foamstars failed to meet its expectations.
In a monetary name reported by Bloomberg, Square Enix president Takashi Kiryu advised analysts that gross sales for all three video games failed to hit anticipated income and revenue, leading to an general hit to working earnings for the enterprise.
Square Enix introduced launch gross sales of three million for Final Fantasy 16 after it went on sale in June 2023, but it surely has but to announce a follow-up determine since. In accordance to Bloomberg, whereas this preliminary momentum was in-line with expectations, gross sales have slowed.
It’s a worse story for Final Fantasy 7 Rebirth. Preliminary momentum failed to attain Square Enix’s goal, Bloomberg mentioned. Tellingly, Square Enix has but to announce a gross sales determine for the sport, the second within the firm’s deliberate trilogy of Final fantasy 7 remakes.
As for Foamstars, Square Enix has but to announce a gross sales determine for this live-service, Splatoon-like recreation. Bloomberg reported that Square Enix admitted it had fallen wanting expectations.
On the intense facet, Square Enix mentioned it’s assured Final Fantasy 16 can obtain its aim over the unique 18-month gross sales plan. And, in accordance to Bloomberg reporter Takashi Mochizuki, Square Enix mentioned gross sales of Rebirth and Foamstars “aren’t essentially dangerous.”
Square Enix mentioned:
-FF16 gross sales fell wanting expectations. Preliminary momentum was consistent with expectations, however the video games failed to attain FY aim as its momentum slowed. No updates from gross sales quantity final introduced at 3 million
-FF7 Rebirth gross sales fell wanting expectations. Preliminary…— Takashi Mochizuki (@6d6f636869) May 14, 2024
This week, Square Enix introduced a major firm reboot amid tumbling income. Final Fantasy 16 and Final Fantasy 7 Rebirth each launched as PlayStation 5 exclusives, however Square Enix mentioned it should now “aggressively pursue a multiplatform technique that features Nintendo platforms, PlayStation, Xbox, and PCs.”
Total, it’s a tricky time for Square Enix, which had already absorbed ¥22.1 billion (approx $140.9 million) in what it known as “content material abandonment losses” forward of in the present day’s monetary report. Square Enix didn’t identify the canceled or rescoped in-development titles.
Wanting forward, Dawntrail, the growth for ongoing MMO Final Fantasy 14, launches in late June. Square Enix additionally has Kingdom Hearts 4, the third recreation within the Final Fantasy remake trilogy, and Dragon Quest 12 within the works. In January, Final Fantasy 16 producer Naoki Yoshida mentioned it is perhaps time for a youthful technology to lead the franchise and helm Final Fantasy 17.
Wesley is the UK Information Editor for IGN. Discover him on Twitter at @wyp100. You possibly can attain Wesley at wesley_yinpoole@ign.com or confidentially at wyp100@proton.me.