Final Fantasy 16, Final Fantasy 7 Rebirth, and Foamstars—three major Square Enix releases in the 2023 to 2024 financial year—all failed to meet the company’s expectations.
In a financial call reported by Bloomberg’s Takashi Mochizuki, Square Enix president Takashi Kiryu admitted these three games failed to meet expected revenue and profit margins, and contributed heavily to the biggest dip in the company’s operating income in the last 13 years.