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GAMING NEWS

Sega Financials Reveal Significant Profit Drop

Posted on Friday, August 1 @ 07:55:26 PST by Alex_Osborn


Sega's quarterly financials are in and they don't look so hot, as profits were down considerably.

During the first quarter of the financial year, the publisher saw a disheartening57.4 percent decline in profit thanks to such a thin lineup of game releases. In fact, the only title released for the quarter wasPersona Q, which still has yet to make its way outside of Japan.

During the quarter, Segamade ¥88.3 billion ($858 million) in revenue, while net profits fell to ¥5.5 billion. Half-year losses are anticipated to be approximately ¥7 billion ($68 million).

Fortunately, the rest of the year will likely turn things around for the company, with the release ofPersona Qin the west, as well as games likeSonic BoomandAlien: Isolation.
Tags:   sega
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