Square Enix is losing value fast. The Japanese company has lost nearly $2 billion in value since the launch of the latest instalment of Final Fantasy. A one-two punch of declining shares and a long-term investor reducing their stake.
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The Final Fantasy franchise continues to be Square Enix’s saving grace. Take a look at the latest trailer forFinal Fantasy VII Rebirthbelow.
WhileFinal Fantasy 16was, on the whole, a decent success for Square Enix, it did just miss sales goals despite selling over three million copies.
Square Enix saw a reported profit drop of 66%. This is largely down to a slew of disappointing launches for the company who seemingly missed the target with two Marvel properties,Guardians of the GalaxyandThe Avengers; plus an original IP withForspokenthat resulted in folding the team responsible for the game.
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It’s a turbulent time for the publisher internally as teams disclose a lack of “team structure and proper documentation to organise development” which resulted in games that, while they perform well on Metacritic, are ultimately becoming forgettable to consumers.
It’s a cluster of issues that have seeped into many aspects of the company which can only have an impact on the games they produce. However, there’s hope for the future as the company’s powerhouse MMO,Final Fantasy 14, will be arriving on Xbox in early 2024 and the eagerly awaitedsecond part of theFinal Fantasy 7remakewill also arrive in 2024.
Topics:Square Enix,Final Fantasy
