Square Enix records lower profits in latest financial report
Publisher Square Enix announced its latest financial numbers for the company's nine month period that ended on December 31, 2010. Revenues came in at 98.1 billion yen for the period which was down 28 percent compared to the same period a year ago. Profits came in at 1.8 billion yen, a whopping 77 percent reduction from the same period a year ago.
The bug-filled launch of the fantasy MMO Final Fantasy XIV was perhaps a big reason for the shortfall as Square Enix has delayed taking monthly subscriptions for the game indefinitely until the development team can fix and improve the game. In 2011, Square Enix plans to release at least two PC games; the action-RPG Dungeon Siege III and the long awaited Deus Ex Human Revolution.
The bug-filled launch of the fantasy MMO Final Fantasy XIV was perhaps a big reason for the shortfall as Square Enix has delayed taking monthly subscriptions for the game indefinitely until the development team can fix and improve the game. In 2011, Square Enix plans to release at least two PC games; the action-RPG Dungeon Siege III and the long awaited Deus Ex Human Revolution.





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