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Square Enix profits rise despite console slow down

Square Enix today announced its financial results for the quarter ended June 30, posting a 12 percent revenue increase as well as an overall profit increase of 76 percent.

Final Fantasy publisher Square Enix today announced its financial results for the quarter ended June 30, posting a 12 percent revenue increase as well as an overall profit increase of 76 percent. 

With smartphone and browser titles continuing to "ride high", and Dragon Quest X and Final Fantasy XIV performing well, Square saw revenue jump from ¥37.8 billion ($311 millionto ¥42.2 billion ($338 million), while profits soared dramatically, rising from ¥3.4 billion ($27 million) to ¥5.9 billion ($47 million).

Despite strong showings in the browser, smartphone, and MMO markets, the publisher did highlight the poor performance of recent console releases as a cause for concern. 

"Among the console game titles, sales of new titles were fewer compared with the same period of the prior fiscal year," read a Square Enix statement.

"... but repeat sales of catalogue titles, primarily through download, have gained favorable results."

 

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