Remaining Fantasy XVI is the newest entry within the long-running RPG franchise. It represents a brand new path for the sequence, and the sport earned itself appreciable important acclaim upon launch, scoring a 9 right here on Destructoid. This hasn’t fairly translated into monetary success, not less than in response to the newest experiences following the discharge of Sq. Enix’s first-quarter monetary briefing.

Sq. Enix’s monetary report reveals that though web gross sales are up because of the discharge of latest titles similar to Remaining Fantasy XVI, working revenue is down partly attributable to amortization of growth value. In keeping with Bloomberg, Sq. Enix President Takashi Kiryu instructed analysts on a post-earnings name that Remaining Fantasy XVI didn’t meet the excessive finish of the corporate’s expectations.

The Remaining Fantasy franchise and the PS5’s set up base

Although Remaining Fantasy is one among Sq. Enix’s flagship franchises, it seems it isn’t performing effectively sufficient to satisfy the corporate’s objectives. In a word to buyers (per Bloomberg), Citigroup analyst Junko Yamamura said that “the Remaining Fantasy franchise’s profitability is weakening and enhancements will take time.” This doesn’t imply that Remaining Fantasy XVI was an entire failure, because it managed to promote 3 million models shortly after launch.

The monetary report additionally reveals that web gross sales are down year-on-year for its MMOs, although the dip is well attributed to Endwalker launching final 12 months and no new growth till subsequent 12 months’s Dawntrail. PC browser and cell video games have been unable to “offset weak performances from present titles.” Information of Sq. Enix’s declining working revenue has affected the worth of the corporate’s inventory, driving “the inventory down as a lot as 15% in Tokyo” in response to Bloomberg.

Sq. Enix isn’t about to surrender on Remaining Fantasy simply but. A part of the issue, in response to Kiryu through Bloomberg, is the sluggish adoption of the PS5. Addressing comparisons of FF XVI‘s launch numbers to FFVII Remake‘s, the corporate launched an announcement to IGN arguing that “the connect price of Remaining Fantasy XVI is significantly excessive, given the PS5 set up base,” although the corporate has plans to “perform a variety of initiatives to encourage much more individuals to play the sport.” This needs to be simpler now that provide constraint elements for {hardware} are now not as large of an issue for Sony.

Because the monetary report additionally reveals, Sq. Enix has varied initiatives in retailer to have a good time the tenth anniversary of Remaining Fantasy XIV: A Realm Reborn, and Remaining Fantasy XIV: Dawntrail is slated for a 2024 launch. In fact, the extremely anticipated Remaining Fantasy VII: Rebirth can also be within the works and it has a 2024 launch date.

Remaining Fantasy XVI is on the market now on PS5.