Connect with us

News

Square Enix plans to No Longer stay Exclusive to PlayStation due to Profit Drop

Published

on

Square Enix plans to No Longer stay Exclusive to PlayStation due to Profit Drop

Square Enix’s most major titles have been exclusive to the PlayStation console for many years and now, it seems the company has been planning to pursue a multiplatform strategy due to a Profit Drop of 69.7% in their Financial Report for the fiscal year (March 31, 2024) that was released recently.

The stated report for such profit loss was mainly due to declined MMO and games for mobile devices along with high development cost amortization and advertising expenses. With all of these declined projects for the company, it started losing more and more profit year by year, and it never got any close to the forecasted profit value that the company expected.

Well, it seems now that the company is finally starting to wake up to new possibilities to make up for these losses by approaching a multiplatform strategy that will cover all the major platforms for their games. In their report, it clearly says under the Diversify Earnings Opportunities section, “For HD titles, the Group will aggressively pursue a multiplatform strategy that includes Nintendo platforms, PlayStation, Xbox, and PCs. Especially, in regards to major franchises and AAA titles including catalog titles.”

As for now, it isn’t clear which franchises and AAA titles will be brought to these platforms but it is for sure that the company will be in a much better state than it is now.

Playing video games since a kid, Max Payne was the first game I ever played. I adore the soundtracks and worlds created in gaming. Passionate about writing gaming guides across all genres for all platforms. Confident in my publications in order to help other gamers across the world. I love video games in general and they are close to my heart.

Manage Cookie Settings