Square Enix admitted that Final Fantasy VII Rebirth, Final Fantasy XVI And Foamstars they did not meet expectations.
In a financial phone call reported by BloombergStreet IGNUSthe president of Square Enix, Takashi Kiryutold analysts that sales of all three games did not reach expected revenues and profits, resulting in an overall decline in the company’s operating profit.
From the first estimates it was made known that Remake it went generically well, though apparently not enough.
Square instead announced launch sales of three million per Final Fantasy XVI after it went on sale in June last year, but has yet to announce a follow-up figure since then.
Second Bloombergwhile this initial momentum was in line with expectations, sales of FF XVI they have slowed down.
The question is even blacker for Rebirth: Again based on what Bloomberg revealed, the initial momentum did not reach Square’s goal.
Interestingly, Square has yet to announce a sales figure for the game, the second installment of ‘s remake trilogy Final Fantasy VII expected by the company.
With regard to FoamstarsSquare Enix has not yet announced a sales figure, although it has admitted that the title has expectations were not met.
On the bright side, Square Enix said they are confident that Final Fantasy XVI can achieve its goal within the original 18-month sales plan.
Furthermore, according to Takashi Mochizuki of BloombergSquare said sales of Rebirth And Foamstars they are not necessarily negative.
Recall that Square Enix announced a significant cut of staff from the company, in a context of declining profits.
Overall, it’s a tough time for the company, which has already absorbed 22.1 billion yen (about $140.9 million) in what it called “content churn losses” ahead of today’s financial report.
