Square Enix may be pleased with Final Fantasy 16‘s initial sales, but the PS5 exclusive couldn’t prevent the company from losing billions. A new report reveals that Square Enix has lost nearly $2 billion of its value since Final Fantasy 16’s release.
Bloomberg reports that analysts are concerned about Square Enix’s historical reliance on its Final Fantasy franchise to make up for a series of lackluster releases. This is partly why despite selling millions at launch, Final Fantasy 16 sales weren’t the saving grace that the company was hoping for. Square Enix previously said that the PS5 exclusive’s sales didn’t meet the “high end” of its expectations.
Bloomberg reports that analysts are concerned about Square Enix’s historical reliance on its Final Fantasy franchise to make up for a series of lackluster releases. This is partly why despite selling millions at launch, Final Fantasy 16 sales weren’t the saving grace that the company was hoping for. Square Enix previously said that the PS5 exclusive’s sales didn’t meet the “high end” of its expectations.
Square Enix loses $2 billion as investors worry over 'the company’s future'
Things are not looking good at Square Enix, as Final Fantasy 16 disappoints and they become an increasingly easier target for acquisition.
metro.co.uk
Square Enix Loses Nearly $2 Billion in Value Since Final Fantasy 16
New report casts doubt on ability to recover.
me.ign.com