It looks like Marvel's Avengers failed to do the business for Square Enix
Square Enix has posted its latest financial results, and it doesn’t look great for Marvel’s Avengers.
The Japanese company announced its financial figures for the six month period to 30th September 2020, and while revenues and profits were up versus the same weak period in 2019 (Square Enix released Final Fantasy 7 remake earlier in 2020), the quarter during which Marvel’s Avengers released saw a £36m loss.
The part of Square Enix’s business we’re concerned with here is called “Digital Entertainment-HD Games”.
The company did not say how many copies Marvel’s Avengers sold, or commented on its performance. But Crystal Dynamic’s troubled adventure comes out poorly when we compare the two quarters of the current financial year.
In the first quarter of the 2021 financial year, when Final Fantasy 7 remake came out, the HD Games division saw net sales of ¥34.1bn (£250m) and an operating income of more than ¥10bn (£73m). That’s a tidy profit for the period.