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DreadPirateRoberts on 12 November 2018
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Mar1217 said:
DreadPirateRoberts said:

Well, no.  First, the vast majority of FF XV's sales came prior to this fiscal year, so have no bearing on this loss.  In fact, Square Enix booked a profit of over ¥20 billion for the fiscal year it (and Rise of the Tomb Raider) came out.

Second, the media is really reporting this poorly.  SE did not post a $33 million loss.  Luminous Productions did.  That studio has only existed for eight months and is dedicated to a new AAA IP and potentially other projects.  Whatever they are, they are clearly burning through cash at a dramatic rate. That said, SE hasn't shut the studio or the projects down either, so they seem to think they can salvage it.

According to their consolidated finances, Square Enix actually posted an ¥8.6 billion net profit for the first six months.  Or about $75 million.  This is, however, less than half of what they made in the same period last year.  Also, It's a shame they don't seem to break out their MMORPGs though.  It would be interesting to see what their video game sales are excluding Final Fantasy XIV and Dragon Quest X. 

That said, yes, it's nice to see SE looking more into AA titles again.

Did they announce anything about Octopath results ?

Other than to brag about how quickly it reached one million shipped, no.  One of the things that has been talked about for the last couple release though has been how well SE's back catalog sells.  That's pretty much what keeps them profitable during slow periods (like Q1/2019 which had no major releases).   In case anyone was wondering why they are throwing all the Final Fantasies at the Switch and XBox One.