Square Enix Stock Plummets Nearly 30% Since Final Fantasy 16 Launch Despite 3 Million Opening Week Sales

Square Enix has lost nearly $2 billion in value since the launch of Final Fantasy 16 in June. Shares have plummeted nearly 30% since the game's release.
The game sold 3 million copies in its first week, but sales slowed considerably after launch. Sources say it's not yet a disaster.
A Bloomberg report painted a bleak picture, saying FF16 failed to make up for poor performance of other titles like Marvel's Avengers.
New CEO Takashi Kiryu intends to focus on bigger budget games over smaller titles to improve the company's bottom line.
Kiryu has called for change across the global company, but it will take time. Upcoming games include FF7 Rebirth, Star Ocean The Second Story R, and more.

ign.com

Relevant topic timeline:

9/7/2023

Square Enix Has 'No Plans' to Make Final Fantasy 14 Free to Play, Even Though Lots of It Already Is - IGN

Square Enix has no plans to make Final Fantasy 14 free to play, but will continue to expand the free trial, with the upcoming expansion increasing the level cap and bringing new story content and graphical updates.

9/12/2023

Crypto Markets Plunge as FTX Bankruptcy and Analyst Predictions Spook Traders

Major cryptocurrencies experienced a decline due to concerns over the potential selling pressure from FTX's bankruptcy, as the exchange seeks regulatory approval to liquidate $3.4 billion in crypto assets.

9/15/2023

Square Enix Offers $70 Bundle for FF7 Remake and Upcoming Sequel, Saves $40

Square Enix is offering a special deal where players can buy both Final Fantasy 7 Remake Intergrade and Final Fantasy 7 Rebirth for $70, making it a great option for fans interested in the new Intergrade content or those wanting to try the remake for the first time.

9/23/2023

Square Enix Showcases 30 Minutes of Final Fantasy VII Rebirth Gameplay Featuring Grasslands Mini-Games

Square Enix showcased gameplay footage and a new trailer for Final Fantasy VII Rebirth, highlighting mini-games such as a card game, chocobo customization, and a piano rhythm game in the Grasslands area.

9/25/2023

Square Enix RPGs Like Final Fantasy VII Reunion and Octopath Traveler II On Sale Now

Amazon and Best Buy are offering substantial discounts on Square Enix RPG games, including titles like Crisis Core: Final Fantasy VII Reunion and Octopath Traveler II.

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Posted 9/13/2023, 1:54:53 PM