Square Enix revenues continue to decline over past nine months to $1.3bn

Square Enix has published its financial report for the nine months ending December 31, 2025, reporting further declines in net sales due following a shortfall in earnings from new titles.

The numbers

For the nine months ended December 31, 2025

• Net sales: ¥215.4 billion ($1.3 billion, down 13.3%)
• Profit: ¥25.6 billion ($163.4 million, up 3.6%)
• Digital entertainment net sales: ¥112.3 billion ($717 million, down 23.7%)

The highlights

Square Enix attributed the overall decline in net sales to a lack of revenue from new titles. However, it recorded a 39% increase in operating income at ¥46.3 billion ($295.7 million) due to “higher sales of catalog titles.”

Its Digital Entertainment segment followed a similar trajectory, with net sales dropping 23.7% year-over-year while its operating income rose 28.3% ¥35.5 billion ($226.6 million).

Looking at its MMO sub-segment, net sales and operating income both dropped when compared to the previous fiscal year, which included the release of Final Fantasy 14: Dawntrail and an expansion pack for Final Fantasy 14.

As for its games for smart devices and PC browser sub-segment, the firm reported further decrease in net sales “due to weakness in existing titles.”

Square Enix did note, however, that operating income increased as a result of “diversification of payment methods.”

The developer has revised its consolidated financial forecast for the fiscal year ending March 31, 2026, as results for the nine-month period have already exceeded its expectations.

This change was attributed to “improved profitability in the Digital Entertainment business, as well as the recognition of royalty income in the Rights & Properties business that exceeded initial assumptions,” the company said.

While its net sales forecast of ¥280 billion ($1.7 billion) has not changed, Square Enix now expects to reach ¥55 billion ($351 million) in profit compared to the previous forecast of ¥41 billion ($261.7 million).