18.4% decrease in Square Enix's net sales, accompanied by significant increases in operating income and profit attributable to owners, due to growth in Digital Entertainment, Amusement, and Publication segments.

Square Enix Holdings reports 18.4% decrease in net sales to 69.9bn yen for the three months ended June 30, 2024, but sees significant increases in operating income (up 250.1% to 10.8bn yen) and profit attributable to owners (up 68.6% to 10.62bn yen). Digital Entertainment, Amusement, and Publication segments show growth, while Merchandising sees a sales decline. The company credits lower development costs and advertising expenses in the HD Game sub-segment for profitability, despite fewer new title releases.

August 06, 2024
3 Articles