Square Enix GIVES UP on PS5 Games?!

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Square Enix has announced a significant company reboot amid tumbling profits.

Reporting its financial performance for the financial year ending March 31, 2024, sales in the Digital Entertainment segment, which includes video games, rose by 2.6% but profit fell by 15.8%. This despite the sale of Final Fantasy 16, Final Fantasy Pixel Remaster, Foamstars, and Final Fantasy 7 Rebirth. Specifically on HD games, the subcategory Square Enix uses to encompass all the above games, the company saw a significant operating loss of ¥8.1 billion (approximately $51.9 million).

Final Fantasy 16 and Final Fantasy 7 Rebirth both launched as PlayStation 5 exclusives, and while Square Enix has announced a sales figure for Final Fantasy 16, it has yet to do so for Final Fantasy 7 Rebirth, the second game in the company’s trilogy of Final Fantasy 7 remakes. In its financial report, all Square Enix would say is it has suffered from an “incomplete journey to better profitability in HD game development”, and that it had “launched many titles but some failed to live up to profit expectations, especially outsourced titles and some AAA titles.” It seems likely Final Fantasy 7 Rebirth, at least, is included in that.

[DreamcastGuy]

Thanks for watching and LIKING the video! <3

[keeptv]

Good decision if it wasn’t made five years too late

[_nthagr_]

FF isn't normie enough to be exclusive and expect big sales. The audience is definitely there, but it's across all platforms.

[aFLYER]

They lost money because of Forspoken, and NFT's, amongst other bad decisions

[connermckellar]

xbox is getting all of those games now gee sony just losing all there exclusives day by day

[gogogogodzillaaa]

Square Enix I so want a remake of " Parasite Eve "🙏🙏🙏

[TonyTyga]

Sony Ponies don’t actually buy or play their own exclusives. Their attach rates are horrible compared to just Nintendo’s remakes.

[scarceak]

Imagine saying xbox users don't buy games and yet make a video about a company not selling enough games on a ps5 only to put them on xbox to sell more of their games.. lmfao this guy ... 🤣🤣🤣🤡🤡🤡

[iconshowstoppa]

The difference in tone on this video….. if this was Xbox and not PlayStation losing an exclusivity partner…..

[Particle_Ghost]

Sony have lost many games over time including the Yakuza and Persona series. The Dark Souls games were even going to be a Sony exclusive, but after Sony funded Demon Souls, they complained the game was to hard and wasn't accessible enough. After that FromSoft did their own thing.

[ramiyohay]

This is not a drama. Square decide to extend their platform releases. Square is not owned by anyone so they entitled to do whatever they want. They want more revenue, what a shock

[usernamefromhell]

Square Enix has a serious financial mismanagement problem. The fact that they sold the Tomb Raider IP for so cheap because they "couldn't make it profitable" says a lot.

[menahemaguilar]

Haha he never fails "I don't think it's gonna sell on Xbox" such a ponnie😂

[christopherbrooks]

It’s almost as tho selling your games to everyone on every platform gives it a greater chance of being successful

[rickvice]

Why would you think it wouldn’t sell any on Xbox?

[jurassictyrantkingYT]

Final Fantasy 7, Final Fantasy 7 Rebirth, And FF16 Remasters on NINTENDO SWITCH 2, XBOX SERIES X and P.C, Let's Fuckin

[aaronsmith]

Im mostly a xbox player becuse i like controller better sure would love square on xbox but even if it dont as long as its pc and nintendo day 1 ill be happy

[helixnebulaone]

This is the hardest video Dreamcast guy has ever made 😂😂😂😂😂

[joshuaschmidinger]

I just think squareenix should concentrate on their boggest sellers and key franchises rsther then making phone games and new online crap. I have been a big fan since the ps1 and love alot of their catalog. Just wonder why they won't give us even a release of xenogears as a ps1 title even and keep going after stuff luke foamstars which just seemed wierd even on paper(being you are not nintendo and don't have their fanbase and people in playstation don't really want to play splatoon? I mean i have it on switch why would i want to buybit again?

[jonathanlupfer]

Your analysis of Walmarts comparisons are way off. Allot of Walmarts that were 24 hours open are now only open till 11PM and open at 6 AM. Covid was a big factor in changing how a lot of our store chains are run now.