According to Bloomberg, during an investor meeting, Square Enix President Takashi Kiryu stated that Final Fantasy XVI, Final Fantasy VII Rebirth, and Foamstars did not meet the company's expectations.

 

Initial sales of Final Fantasy XVI were in line with expectations, but they slowed down, and ultimately the game did not reach the forecast for the full financial year. The current sales figure was not disclosed.

Square Enix also did not share the sales figures for the recent Final Fantasy VII Rebirth, but they immediately fell below the company's projections. The same applied to the multiplayer shooter Foamstars.

The company emphasized that it does not consider the sales of Final Fantasy VII Rebirth and Foamstars to be complete failures. It is also confident that Final Fantasy XVI can still achieve its stated goals within an 18-month period.

Square Enix's stock price fell by nearly 16% after the financial report. Investors are concerned that the publisher's schedule lacks major releases for the next couple of years that could turn the situation around.

Along with the financial report, Square Enix presented a mid-term business plan, according to which it will release games on multiple platforms, including Xbox and Nintendo devices.

Main image: wall.alphacoders.com

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