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Square Enix is Having a Good Year, Raises Forecasts

by Eric Frederiksen | November 7, 2014November 7, 2014 10:30 pm PDT

Final Fantasy XIV A Realm Reborn (1)

Square Enix has been having a tough time the last few years. Final Fantasy XIV‘s initial release was a disaster, a number of games underperformed financially and sometimes critically, and Final Fantasy XV has been in development hell for some time.

This year, though, things seem to be looking up. The Japanese developer and publisher doubled its profits in the first half of the fiscal year, according to a report from GamesIndustry International, and is raising forecasts in response.

The company pulled in $638 million in revenue, and the net profits jumped from about $22 million to nearly $50 million.

Credit for this bump goes to mobile and massively multiplayer games. The company’s Japanese smartphone games Dragon Quest Monsters Super Light and Schoolgirl Strikers were big contributors in addition to the continuing success of the overhauled Final Fantasy XIV as well as Dragon Quest X.

The company’s Digital Entertainment segment was up, too, with operating profits up 130 percent over last year.

The end result is that the company has raised its forecast for the year. Square Enix expects profits between $60 and $87 million, an increase of about $35 million.


Eric Frederiksen

Eric Frederiksen has been a gamer since someone made the mistake of letting him play their Nintendo many years ago, pushing him to beg for his own,...

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