Square Enix has disclosed its financial performance for the fiscal year just ended (FY 22), which takes into account the time period between April 1st, 2021 and March 31st, 2022.
The Japanese company rejoices thanks to a collection of 2.84 billion dollars, up 9.8% compared to the previous year. The increase in operating profits is even more marked, which mark a + 25.5% reaching 460.5 million dollars.
Square Enix FY22 Earnings
Revenue $2.84b +9.8% YoY
Operating Income $460.5m +25.5% YoYHD Games segment down YoY due to the releases of Avengers and Final Fantasy VII Remake last FY.
Overall entertainment business up 6.0% YoY helped by an increase in payed FFXIV subs. pic.twitter.com/vsvRFDJrg9
— MauroNL (@MauroNL3) May 13, 2022
Taken individually, the segment that Square Enix refers to as “HD Games” has partially disappointed. Revenue generated by games such as Outriders, NieR Replicant and Marvel’s Guardians of the Galaxy turned out to be lower than those scored by Final Fantasy 7 Remake and Marvel’s Avengers in the previous year. Specifically, we know that the Guardians game’s sales have been below expectations.
To drive the growth of Square Enix, therefore, we thought mainly Final Fantasy 14, which in the last year has recorded the incredible success of the Endwalker expansion and a conspicuous increase in the number of subscribers. On the sidelines, the Japanese company announced that in the future it will invest more in NFT and Blockchain, a sector to which a special division founded in February 2022 has been dedicated.
Square Enix has released their earnings report for FY22https://t.co/LRpJpAX6hs
Nothing too crazy in there; SE will further invest in blockchain projects, NFTs etc. pic.twitter.com/2Fkl1ALHX6
— Nibel (@Nibellion) May 13, 2022