Square Enix owes its annual earnings to Final Fantasy XIV

Square Enix owes its annual earnings to Final Fantasy XIV

Square Enix published its fiscal year 2022 report, which ended in March.
And the year's results were favorable, with operating income up 25.5% over last year to $460 million.
And net income increased by 9.8% to $2.84 billion.As it turned out, the main role in this was played by the MMO games sector, in particular, Final Fantasy XIV.
The number of sales last year increased due to a sharp increase in the number of subscribers, as well as due to the release of the expansion Endwalker.As for single-player games, despite the success of Outriders, Nier Replicant and Marvel's Guardians of the Galaxy, net sales of HD games, mobile and projects for PC decreased compared to last year.
The financial results were probably one of the reasons Square Enix decided to part ways with some of its game series not too long ago, including Tomb Raider, Deus Ex, Sleeping Dogs, Thief, Legacy of Kain and others.
However, in the future the company is going to strengthen its intellectual property base.
Investment in new technologies is also in the plans - apparently, we have in mind, including blockchain and NFT.
The president of Square Enix has previously stated an interest in these aspects, despite the discontent of players and the fact that cryptocurrency technology and resources are slowly losing popularity and profitability.

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