Square Enix’s share price dropped nearly 15% today following its latest earnings release and claims Final Fantasy 16 didn’t meet the ‘high end’ of expectations.
Square Enix share price drops amid claims Final Fantasy 16 didn’t meet ‘high end’ expectations7th Aug 2023 / 9:51 am‘s share price in Japan has dropped by nearly 15% following the company’s latest earnings release.
The publisher reported its Q2 2023 earnings on Friday, during which it stated that revenue had increased around 14% year-on-year but profits had dropped around 65%. When the Tokyo Stock Exchange closed on Friday, Square Enix’s share price sat at ¥6,366. When it opened earlier today, however, the price had dropped to ¥5,566 and stayed around this figure throughout the day, dropping to ¥5,457 at one point., its worst intraday drop in three years.
Bloomberg also claims that one of the reasons for Square Enix’s underwhelming financials is the launch ofThe publication cites three separate sources who attended Square Enix’s post-earnings call, all of whom claimed president Takashi Kiryu said the game’s initial sales, in Bloomberg’s words, “did not meet the high end of the company’s expectations”.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Magic: The Gathering's next crossovers include Fallout and Final FantasyMagic's getting Fallout decks for playing its factions in Commander format, as well as Final Fantasy cards that will 'encompass each main Final Fantasy game that has been released to date'.
Consulte Mais informação »
Fallout, Assassin’s Creed and Final Fantasy are coming to Magic: The Gathering | VGCWizards of the Coast has announced that expansions based on Fallout, Assassin’s Creed and Final Fantasy are coming to Magic: The Gathering.
Consulte Mais informação »
Magic: The Gathering announce Fallout, Final Fantasy and Assassin's Creed collaborationsMagic: The Gathering announce Fallout, Final Fantasy and Assassin's Creed collaborations MagicTheGathering Fallout FinalFantasy AssassinsCreed
Consulte Mais informação »
Magic: The Gathering confirms Assassin's Creed, Fallout, and Final Fantasy expansions are comingWizards of the Coast has revealed what new crossover expansions Magic: The Gathering fans can expect to see next year, …
Consulte Mais informação »
Man fighting for his life after being knocked down near George SquareA 40-year-old man is fighting for his life in hospital after being struck by a vehicle in Glasgow city centre on Saturday night. Medics say the man is in a critical condition.
Consulte Mais informação »
Berkshire Hathaway’s cash pile nears all-time high at $147bn\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Consulte Mais informação »