FFXVI underperforming, mobile and final fantasy's brand weakening leading to massive square stock losses.

[Gizmo_Duck]

Square Enix Latest 2023 Report Sees Sales Increase, Profits Decline

Square Enix shared the financial report for Q1 (April-June) of 2023, showing an increase in sales, but a decline in profits.

www.siliconera.com

From the actual article: it's not Final Fantasy, it's all the other mid they've released.

OP is an immature console warrior

 

[Black Mamba]

Yikes, I did my part.

Drop that DLC and I’ll cop that too

Op spreading misinformation because he can’t have it on his shyt shyt box

 

[IIVI]

The lack of sales for smartphone and PC Browser apps is lowkey kind of scary if you're working there as a non-game software engineer.

I'd be 100% nervous if I was a software engineer that doesn't work on games or network infrastructure.

That's basically a report saying "We're paying ya'll too much" because the investment is non-essential.

A lot of businesses and companies this last year laid off those departments.

 

[Pull Up the Roots]

This guy is always making claims without really supporting them.

Here's the English version of the report.

https://www.hd.square-enix.com/eng/news/pdf/24q1earnings.pdf

 

[Gizmo_Duck]

The lack of sales for smartphone and PC Browser apps is lowkey kind of scary if you're working there as a non-game software engineer.

I'd be 100% nervous if I was a software engineer that doesn't work on games or network infrastructure.

That's basically a report saying "We're paying ya'll too much" because the investment is non-essential.

They said they expect better sales from ever crisis, it had a pretty big EA period a couple weeks ago

 

[Grand Conde]

Says the same thing but thanks was going to post that, adds more context of being under expectations.

It doesn't say the same thing, it says it was "inline" with expectations.

 

[IIVI]

They said they expect better sales from ever crisis, it had a pretty big EA period a couple weeks ago

Oh I'm not even talking about their games, I'm talking software like FF Chrome Browser extension. Stuff that gamers really don't use.

It sounds like it's excess spending and costing them.

If you got x5 software engineers making $140k each for something that's not being used, then two more product people who came up with the idea making another $200k/year, then that's sticking out in those reports. That's nearly $1.5 mil for that one year for less than 10 people. 10 years of that is $15 mil.

Software teams making bank that are non-essential to creating big games and running their infrastructure are probably at a big risk there right now, like at many other companies.

They got a little crazy early in the year:

Square Enix Announces 10% Base Salary Increase for Full-Time Employees In April 2023

Tokyo-based video game company, Square Enix, will be increasing the base salary for full-time employees by an average of 10% starting April 2023.

n4g.com

 

[Black Mamba]

Gaga ass xbots

 

[Loose]

It doesn't say the same thing, it says it was "inline" with expectations.

"Hoped for more " it was below expectations.

Anyway, mobile probably the most concerning numbers for them, they expected big out of their new products they all have basically flopped.

 

[Grand Conde]

"Hoped for more " it was below expectations

Breh do you have the reading comprehension of a five year old?

 

[Gizmo_Duck]

This is actually a good thing, keep team Asano bush the rest

 

[The Mad Titan]

All this ducking and dodging multiplat games...

 

[Loose]

Breh do you have the reading comprehension of a five year old?

You may be missing a few chromosomes if you're having trouble understanding "hope for more"

 

[Loose]

This is actually a good thing, keep team Asano bush the rest

They should mirror what Capcom is doing, no one cares about a million AA games. No offense

 

[IIVI]

This is actually a good thing, keep team Asano bush the rest

Exactly. The 80/20 rule. Get rid of the bloat and now you can create the high quality that will produce enormous results.

Great they mention the focus on the long term. No more get rich quick grabs that fall short.

FFXVI was an awesome foundation to bring in the new culture.