“We did not manage our title portfolio across the company as well as we could have.”
In a May 2024 financial report made public today (via Eurogamer), Square Enix president Takashi Kiryu said that Final Fantasy 7 Rebirth and Final Fantasy 16 haven’t sold as many copies as the company had hoped. “We released multiple new titles, including major titles such as ‘Final Fantasy 16’ and ‘Final Fantasy 7 Rebirth’, but profits unfortunately did not meet our expectations”, Kiryu said.
The financial results were originally shared on May 13, 2024, months before yesterday’s PC release of Final Fantasy 16—which, it’s safe to assume, will give that particular sales metric a bump. A PC release for Final Fantasy 7 Rebirth, meanwhile, still hasn’t been officially confirmed. Kiryu also noted that MMO profits were down, but attributed that to “a lull in releases ahead of the launch of the ‘Final Fantasy 14: Dawntrail’ expansion pack”, which was released the following month in June.
Reporting had already appeared about Square Enix’s falling profits after the financial results were delivered to investors in May, but today’s publishing of the financial report means we can see the details of Kiryu’s statements firsthand.
