Square Enix Reports Increased Revenue Thanks to FFXIV Online: ARR
The quarter ending December 2013 has been really good for Square Enix. In comparison to last year’s quarter that ended in December 2012, the company has seen an impressive increase in the net income.
Square Enix’s earnings report for the third quarter of financial year 2013 that ended on December 31, 2013 states that the company grossed a net income of ¥2.573 billion ($25.4 million) as opposed to a loss of ¥265 million ($2.62 million) from the respective quarter of last financial year.
It has been reported that they experienced an increase in the sales of Final Fantasy 14: A Realm Reborn which played a major role in the improved revenue.
Based on the forecasts put forward by Square Enix, the company will record a yearly income between ¥3.5 billion – ¥6 billion ($34.6 million – $59.2 million) for the year ending March 31, 2014.
Some of the major reasons for the positive expectations are the release of Bravely Default and Lightning Returns: Final Fantasy 13 in the western market along with Tomb Raider Definitive Edition sales.
We see a positive change in the performance of the company although they have seen layoffs in the past months and even losses.
Could the publisher continue to maintain the positivity that it has shown in this quarter? How do you expect their future titles to perform? Let us know in the comments below.