SEGA has been having a rough time regarding its financial results. The company reported poor financial results for the past quarter due to some recent releases’ “weak” performance.
However, this poor financial quarter might be turned around by the company’s recent successes, especially when the results brought by the company’s latest games have had firm launches.
Specific sales numbers weren’t brought up in the company’s latest report. However, the games released last quarter include Sonic Superstars, Persona 5 Tactica, Total War: Pharaoh, and Like a Dragon Gaiden: The Man Who Erased His Name. These titles contributed to a total of 219.3m yen for SEGA’s entertainment sector.
While this was an increase of 4.2% year-on-year, the operating income was 19,736m yen, making a 52.5% year-on-year drop.
Sales increased considerably due to SEGA’s recent acquisition of the Angry Birds developer Rovio. However, some games released during the financial quarter between October and December 2023 were “weak” in sales. Sales of new games were 5.27 million units(compared to 6,97 million in the same period of the previous fiscal year).
In contrast, repeat sales were 13.83 million copies (compared to 13.77 million in the previous fiscal year). The company sold 19,1 million copies of games, down from 20,75 million.
While things look bleak for SEGA at the moment, it’s worth noting that the gaming business has been booming for SEGA as of late. For one, Like a Dragon: Infinite Wealth broke 1 million sales during its first week and became the fastest-selling game in the series.
Persona 3 Reload also became a massive hit among RPG fans on the same road. The game became ATLUS’s fastest-selling game, with 1 million sales in less than a week. With this in mind, perhaps the following financial quarter report will look brighter for SEGA.