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Square Enix Stock Hits 3-Year Low Amid Disappointing 'Final Fantasy' Performance

By Xueyang
Oct. 17, 2023 updated 12:02

Updated on October 16, 2023: Square Enix Stock Price Falls Below 5,000 Yen Mark, Lowest Since May 22, 2020.

Updated on October 16, 2023Updated on October 16, 2023

Original News from August 7, 2023: Following SE's announcement of this quarter's financial report, their stock price plummeted by 15%, marking the largest drop in nearly three years.

Original from August 7, 2023Original from August 7, 2023

SE's President, Takashi Kitou, stated during a conference call that the sales of "Final Fantasy XVI" had not met the company's expectations. Subsequently, Citigroup Group mentioned in an investor report that SE was not only facing poor performance from "Final Fantasy XVI" but also a decline in the overall profitability of the "Final Fantasy" series. A combination of factors contributed to this significant stock price decline.

Source: Yahoo