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Square Enix reports $62.7m loss over Marvel's Avengers

Square Enix reports $62.7m loss over Marvel's Avengers

Japanese publishing giant Square Enix has reported a ¥6.5bn ($62.7m) loss in operating income in its HD games business driven by Marvel's Avengers.

As spotted by industry analyst David Gibson, the firm's financials for the quarter ending September 30th indicate a steep decline in operating income. Square has apparently declined to say how many units of the game it has sold so far.

Gibson also says that it appears that Marvel's Avengers cost in the region of $170m-to-$190m to make, but that's speculation.

Ahead of its September 4th release, a beta for the title was played by some six million people, pointing to a lot of interest in the superhero title. At the time of writing, the game boasts Metacritic ratings of 67 on PlayStation 4 and Xbox One, while the PC version boasts a score of 68.

The following month, developer Crystal Dynamics said that the firm was "confident" that players would return to Marvel's Avengers in the wake of reports of declining user numbers, especially on PC.

Square does report that it saw growth in digital sales on back catalogue titles during the quarter. Net sales dropped from ¥34.1bn ($329m) for the previous three months to ¥23.7bn ($228.9m) in the quarter ending September. Year-on-year, this actually represents a 119 per cent increase.

 


PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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