Square Enix has been in the spotlight for selling its western studios to Embracer Group. One reason appears to be losses from Marvel’s Avengers and Guardians of the Galaxy. David Gibson (Senior Analyst, MST Financial) says Square Enix lost $200 million from these games.
Marvel – that’s the reason why Square sold its NA team for $300m. Because in a little under two years they lost $200m on two Marvel games. But it still looks like a low price given the optionality on probably 4 AAA titles coming through. #SquareEnix #Embracer
— David Gibson (@gibbogame) May 2, 2022
The remaining $100 million of the purchase price could be for costs associated with the North American branch. Lifetime sales for the Tomb Raider and Deus Ex franchises look good, but Eidos-Montréal has had minimal profit margins in recent years.
The bulk of profits for Square Enix is coming from its mobile gaming, Final Fantasy, and MMO offerings.
Who else forgot that Square Enix makes so much money from smartphone/browser games?
— Derek Strickland (@DeekeTweak) February 4, 2022
Square Enix total 9 month game segment revenues – $1.836 billion
• Browser/smartphone – $848.888 million (46%)
• HD games – $568.556 million (31%)
• MMO – $418.368 million (23%) pic.twitter.com/rWwAUzyLTA
‘Marvel’s Avengers’ Has Sold Better Than You Think This Year
Really points out to me that S/E signed a bad licensing deal that made it extremely difficult to make good money, not that the studios made bad games.
As a single player RPG, it was pretty good. The story was a bit hamfisted at times, but it played well and there was enough of it to feel like a full game. And in spite of having a Muslim teenage girl as the main character, it didn't feel like it was pushing a woke agenda. Really the worst thing I could say about it was they didn't license the likenessess of the actors, but that wasn't an entirely bad thing, as the story doesn't take place in the same storyline as the movies either.
It was well worth the $20 I spent on it from this perspective, but I've never went back to it as they added content. I probably should. Maybe I am the only one in the world that felt that way, but I thought it was on par with GoTG as a single player title.
I didn't really hear much about the GotG game, so I assumed the greater gaming population was avoiding it for a reason. Thus I didn't have much interest in it either. Then while visiting a friend, I watched him play the game on his XBSX for a good while. It got me pretty interested in checking it out. I intend to do that at some point in the future. No rush or anything, but it's in the queue now. Thanks for sharing your thoughts on the game. As I said, I don't really hear people talking about that one.