Square Enix Says Mobile Game Division Underperformed

Square Enix released its 3Q FY2022/3 Financial Results Briefing. Included in it is a Q&A segment. In this portion, Square Enix revealed that its mobile game division underperformed. To combat this, the company plans to step up internal development efforts. This segment revealed that Square Enix had primarily been outsourcing the development of its mobile titles. Additionally, while the company released several new titles within its third quarter, it stated that a majority of these games did not meet initial expectations. No specific game was mentioned.

However, Square Enix will continue to release mobile games, despite the mobile division underperforming and not meeting certain expectations. It also has plans to release new titles within its fourth quarter. That said, net sales rose within its mobile division due to changes in accounting policies. The briefing also revealed that, while existing titles did not perform as expected, sales within these games rose in January 2022.

Outside of its mobile division, Square Enix said it intends to have multiple launches during its fourth quarter. The briefing listed Triangle Strategy and Stranger of Paradise: Final Fantasy Origin. Additionally, despite halting sales of Final Fantasy XIV due to server congestion, Square Enix believes that the title will generate a “certain” amount of revenue within the fourth quarter.

In February 2021, Square Enix stated in a previous report that the MMORPG contributed a fair amount to the strong results it obtained during its third quarter.