Square Enix Cancels Games and Loses $140m
Square Enix has announced the abandonment of multiple in-development projects, resulting in a $140 million loss for the financial year.
What Is Happening to Square Enix?
Square Enix has revealed an expected loss of a “approximately ¥22.1 billion in content abandonment losses” for the fiscal year ended March 2024. That is a loss of roughly $140m as the company looks to refocus their development pipeline.
In a post to investors, CEO Takashi Kiryu spoke of the company’s intention of “being more selective and focused in the allocation of development resources.”
The company has not revealed which games have been canceled, but this follows Kiryu’s statement in February at a financial results briefing that Square Enix needs to diversify its IPs, break into more genres, and not be so reliant on the Final Fantasy and Dragon Quest franchises.
But don’t worry if you are a Final Fantasy fan. Final Fantasy 14: Dawntrail will still be released on July 2. After that, we must wait to see what Square Enix has planned.
Pre-Purchase Final Fantasy 14: Dawntrail
Compare prices below for the upcoming Final Fantasy 14 expansion Dawntrail and buy your 60-day pre-paid game time card to prepare for the DLC’s launch on July 2.
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Fueled by a passion for gaming and the ever-evolving world of gaming news, Daniel loves connecting with seasoned and new players to bring games to life on the page, exploring their narratives and gaming trends. A self-published fiction and fantasy author, Daniel has nearly 20 years of experience writing gaming news and a love for storytelling that drives his enthusiasm to deliver breaking news, in-depth analysis, and industry innovations. You will find him in-game as "Windfell."
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