Square Enix Achieved "Highest Sales And Earnings" During Fiscal Year 2021

But Marvel's Avengers was "not as successful as we would have liked."

Jason Winter
By Jason Winter, News Editor November 3, 2021
Share:

Marvels Avengers Group

Square Enix just released its annual report for its Fiscal Year 2021, which ended on March 31. If you're wondering why there's a six-month delay between the quarter ending and this report coming out, you're not alone. Still, it's in the wild, and it contains high-level information for investors, which includes the usual flowery language you'd expect about how well the company's products are doing -- as well as some less-than-kind words about an underperforming game.

First, the good news: SE achieved its "highest sales and earnings" for the year, which covered the period when COVID-19 emerged worldwide. Many other game companies experienced similar windfalls, so that's not unusual. Final Fantasy VII Remake was lauded as a "blockbuster" despite its launch occurring just as COVID was disrupting shipping worldwide. Trials of Mana and Bravely Default II were also given some acclaim, while MMO games only got a brief mention, as it was an "off year for expansion packs," with Final Fantasy XIV: Endwalker scheduled to launch later in November, which falls in FY 2022.

Then there was the not-as-good news. Marvel's Avengers was said to have a number of "unexpected difficulties" and "has unfortunately not proven as successful as we would have liked." SE said that new work-from-home initiatives and "taking on the GaaS [games-as-a-service] model" was a significant factor in its disappointing results, which seems odd from a company that has operated MMORPGs for nearly two decades and instituted a permanent work-from-home policy last December. Perhaps this is a case of publisher Square Enix throwing developer Crystal Dymanics under the Hulk.

The rest of the report mostly deals with other aspects of Square Enix's business -- amusement parts, publications, and merchandising -- the latter two of which did fine, while the first understandably took a beating during the pandemic. Square Enix's latest quarterly financial report is expected to drop in the next few days; for now, you can read the 2021 Annual Report here.

Share:
Got a news tip? Contact us directly here!

About the Author

Jason Winter
Jason Winter, News Editor
Jason Winter is a veteran gaming journalist, he brings a wide range of experience to MMOBomb, including two years with Beckett Media where he served as the editor of the leading gaming magazine Massive Online Gamer. He has also written professionally for several gaming websites.

Discussion (0)


You May Enjoy

DayZ's Final Update Of 2021 Lets You Slap Heads Around With A Craftable Barbed Wire Baseball Bat

DayZ's Final Update Of 2021 Lets You Slap Heads Around With A Craftable Barbed Wire Baseball Bat

There's a TON of quality of life changes, too...including changes to water consumption.

By QuintLyn Bowers - 4 days ago
Tencent Suspended From Launching Or Updating Apps In China

Tencent Suspended From Launching Or Updating Apps In China

Chinese government bills the measures as "temporary administrative guidance."

By Jason Winter - 3 days ago
Grand Fantasia Is Celebrating Its 11th Anniversary

Grand Fantasia Is Celebrating Its 11th Anniversary

As all players know, that means it’s time for goodies.

By QuintLyn Bowers - 1 week ago
Xbox Head Phil Spencer Announces Microsoft Is “Evaluating” Its Relationship With Activision Blizzard, Oneal Wasn't Offered Equal Pay Until Resigning

Xbox Head Phil Spencer Announces Microsoft Is “Evaluating” Its Relationship With Activision Blizzard, Oneal Wasn't Offered Equal Pay Until Resigning

The Xbox leadership is reportedly “disturbed and deeply troubled by the horrific events and actions”.

By QuintLyn Bowers - 1 week ago
Ram Opponents To Infect Them In The New "Operation Red Light" PvP Mode, Just A Sliver Of Crossout's "Holy Motors" Update

Ram Opponents To Infect Them In The New "Operation Red Light" PvP Mode, Just A Sliver Of Crossout's "Holy Motors" Update

There's even a new fire-breathing shotgun relic weapon to craft as Season 7's battle pass kicks off.

By Michael Byrne - 1 day ago
Call of Duty Vanguard Gameplay - First Look HD (B2P)

Call of Duty Vanguard Gameplay - First Look HD (B2P)

Playing it safe or sticking to a time tested formula?

By Michael Byrne - 4 days ago
See More
Live Giveaways