Streetbeat News

SQNXF

Square Enix Holdings Co. Ltd

https://www.hd.square-enix.com/jpn/

Industry

Amusement Arcades

Open

46.56

Mkt cap

5.5B

Volume

250

High

46.56

P/E Ratio

63.89

52-wk high

49.19

Low

46.00

Div yield

0.01

52-wk low

27.98

The US gaming market saw a 7% decline in spending in August 2024, with hardware sales dropping significantly, particularly for Nintendo's Switch. However, Electronic Arts' Madden NFL 25 was a bright spot, topping sales charts. Despite the decline, year-to-date spending remains stable.

Portfolio Pulse from Franca Quarneti

October 14, 2024 | 6:30 pm

The article covers various developments in the tech industry, including T-Mobile's cybersecurity improvements, Apple's legal issues, and Meta's VR production plans. It also highlights Nvidia's high demand for GPUs and Microsoft's problematic Windows 11 update.

Portfolio Pulse from Lekha Gupta

October 06, 2024 | 12:00 pm

Square Enix is considering releasing Final Fantasy 16 on Xbox, expanding from its initial PlayStation 5 exclusivity. This move is part of a broader strategy to adapt to market dynamics and improve profitability after disappointing financial results. The company is also focusing on a multi-platform approach, including potential future compatibility with Nintendo consoles.

Portfolio Pulse from Franca Quarneti

October 01, 2024 | 7:10 pm

Square Enix Holdings Co. (OTC:SQNXF) reported that its major titles, Final Fantasy 16 and Final Fantasy 7 Rebirth, did not meet profit expectations. The company plans to diversify platforms and carefully curate its release schedule to avoid internal competition.

Portfolio Pulse from Franca Quarneti

September 18, 2024 | 5:39 pm

The article covers various developments in the consumer tech sector, including Microsoft's expansion of its Xbox lineup, Take-Two's announcement of Borderlands 4, and Apple's upcoming iPhone 16 launch. It also mentions regulatory challenges for AI development in California and legal issues faced by Google and Anthropic.

Portfolio Pulse from Lekha Gupta

August 26, 2024 | 10:17 am

Square Enix Holdings Co Ltd has announced the PC release date for Final Fantasy 16, set for September 17, 2024, with a price of $49.99. The release includes two DLC expansions and a Complete Edition for $69.99. A demo is available on Steam and Epic Games Store.

Portfolio Pulse from Franca Quarneti

August 19, 2024 | 7:32 pm

Sumo Group, owned by Tencent Holdings Ltd, announced layoffs affecting 15% of its workforce, impacting around 250 employees. This decision is part of a broader trend in the gaming industry, with companies like Take-Two Interactive, Microsoft, and Square Enix also announcing layoffs.

Portfolio Pulse from Franca Quarneti

June 12, 2024 | 7:02 pm

Final Fantasy 14, developed by Square Enix Holdings Co (OTC:SQNXF), is experiencing a global Distributed Denial of Service (DDoS) attack affecting player access across all data centers. The attack, which occurred on May 6, disrupted login and data transmission, leading to player disconnections. Square Enix is investigating and implementing countermeasures. Despite this, plans for the game's graphical update and the release of the Dawntrail expansion continue, with early access starting June 28.

Portfolio Pulse from Franca Quarneti

May 06, 2024 | 9:06 pm

Square Enix Holdings Co Ltd (OTC:SQNXF) announced a $140.9 million loss due to game cancellations, impacting its fiscal year ending March 2024. The company is shifting its game development strategy to focus on high-definition video games for PC and consoles, becoming more selective in resource allocation. This decision follows a review of its development pipeline, though specific cancelled titles were not disclosed. Despite projecting a 16.8% increase in sales, Square Enix is re-evaluating its forecasts due to this writedown. The company continues to develop major titles like Final Fantasy 7 Rebirth and Kingdom Hearts 4.

Portfolio Pulse from Franca Quarneti

April 30, 2024 | 6:20 pm

Square Enix Holdings Co Ltd (OTC:SQNXF) plans to revamp its game development strategy by spring 2024 to enhance game quality, following stagnant sales despite the successful launch of Final Fantasy 16. The company's overall sales remained flat, with a 4.7% decline in digital entertainment sales in December 2023. Square Enix attributes the decline to various factors including decreases in Final Fantasy 14 MMO and mobile game sales, rising development costs, and increased advertising spending. The company also announced two paid DLC expansions and a PC port for Final Fantasy 16, and hinted at a potential leadership change with a younger generation for future projects.

Portfolio Pulse from Franca Quarneti

February 06, 2024 | 8:36 pm

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