More Reviews
REVIEWS God of War Collection (Vita) Review
God of War brings its PS2 heritage to Vita, and the results are more than a bit baffling.

Dark Souls II: Crown of the Sunk Review
I was confident in my Dark Souls abilities. Then From Software released new Dark Souls II DLC.
More Previews
PREVIEWS Pillars of Eternity Preview
For Obsidian's crowdfunded love letter to Infinity Engine games like Icewind Dale and Baldur's Gate, I was impressed by its willingness to pull back the curtain and let me see the machinery behind it.
Release Dates
NEW RELEASES CounterSpy
Release date: 08/19/14

Tales of Xillia 2
Release date: 08/19/14

Plants Vs. Zombies: Garden Warfare
Release date: 08/19/14

MotoGP 14
Release date: 09/01/14


LATEST FEATURES Buy, Try, or Die: August 2014 Release List
Sacred 3, Disgaea 4, inFamous: First Light, Madden NFL 15—what will you Buy, what will you Try, and what needs to Die?

The Best Cosplay of Comic-Con 2014
Comic-Con is the premier convention for cosplayers, and we've got more than a hundred shots this year. Which are your favorites?
MOST POPULAR FEATURES Picking Your Gender: 5 Industry Professionals Discuss Queer Identity in Gaming
Women from Naughty Dog, ArenaNet, Harmonix, and Gamespot unite to talk about what they want from games in terms of diversity.
 
Coming Soon

LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP oneshotstop
Call of Duty will never be the same
By oneshotstop
Posted on 07/28/14
       We've all been there. Everyone remembers that mission. You and your partner are climbing up the mountains in the snow, striving to pull some slick clandestine operation about getting some intel on a bad guy, or something similar (because let's face...

GAMING NEWS

Square Enix Posts $134 Million Yearly Loss

Posted on Monday, May 13 @ 07:05:00 Eastern by Alex_Osborn

Square Enix posted a net loss of ¥13.7 billion (approximately $134 million) for the fiscal year ending March 2013. This news should hardly come as a surprise, as the publisher made it clear that a restructuring would be putting them in the red this year.
 
The company released the following statement:

The business environment surrounding the [Square Enix] Group is in the midst of major changes, where smart devices such as smartphones and tablet PCs are spreading rapidly, while the console game markets in North America and Europe are increasingly competitive and oligopolistic. In light of such environmental changes, the Group is focusing all efforts on a substantial earnings improvement through driving reforms of business structure in order to establish new revenue base.

Fortunately, Square Enix is expecting a turnaround in the coming months. In fact, the publisher believes the changes will make them profitable on the order of $344 million to $590 million over the coming year.

[SourceVia]
Tags:   Square Enix


More from the Game Revolution Network




comments powered by Disqus

More On GameRevolution