Japanese gaming giant Square Enix announced financial results for the first half of the fiscal year, ending on March 31, 2023. Compared to the same period of the previous year, numbers dropped in most categories except for the successful MMO Final Fantasy XIV, which saw significant growth.
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Square Enix’s net sales decreased by 3.3% while operating costs increased by 10.6% year-over-year. However, Final Fantasy XIV saw an increase in sales and monthly paying subscriber numbers. Currently, the MMO giant has more than 27 million registered players.
In the financial report Square Enix also shared its medium-term business strategies. The company wants to strengthen its IP ecosystem, take on new domains and reshape its digital entertainment portfolio.
The company also shared its initiatives to promote blockchain game and entertainment developments with multiple projects. Business strategies regarding the blockchain domain include exploring business structures and earnings potential of NFT games, exploring businesses leveraging public blockchains, and establishing an overseas entity.
You can read the financial report here.
