Square Enix loses $2 billion as investors worry over 'the company’s future'

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Things are not looking good at Square Enix, as Final Fantasy 16 disappoints and they become an increasingly easier target for acquisition.

Square Enix’s new CEO Takashi Kiryu has already said to improve profitability, he plans to bolster development for big budget games, meaning there’ll be less focus on smaller projects, since resources are ‘being spread too thin.’

Forspoken – we can’t imagine Forspoken will become a new long-running franchise after its underwhelming reception The company’s stock has dropped by around 30% since it’s last peak earlier in the year, and is on track to close at its lowest since May 2022. ‘Rebuilding the storied maker of role-playing games would take years and there’s little hope of large upside potential on earnings in the near term,’ says Kenji Fukuyama, an analyst with UBS Securities.

 

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