Square Enix did not have a very good year in 2013. The company lost over $100 million, which resulted in a full-on restructuring of the company. Fast forward to this last week, where the company has reported that they are back to profitability in 2014.
In their latest earnings report, the company announced that they had a $65 million dollar net income this year, which paints a much brighter picture for the company than last year’s. A big part of this progress came from their “digital entertainment” division, or their gaming division. The division saw a net sales of more than $900 million, thanks in part to the success of games like, Final Fantasy X/X2 HD, Thief, Tomb Raider Definitive Edition, and the rampant success of Final Fantasy XIV: A Realm Reborn.
ARR in particular was a big factor, especially following the news that the MMO has exceeded 2 million players worldwide, great numbers for a game that was such a spectacular failure a couple years ago. With E3 on the horizon, and games like Kingdom Hearts 3 and Final Fantasy XV in the pipeline (as well as the success of critical darling Bravely Default) hopefully this news translates into forward momentum for a company that only a year ago seemed to have lost its way.