"We did not manage our title portfolio across the company as well as we could have"

Square Enix has confirmed that Final Fantasy 16 and Final Fantasy 7 Rebirth didn't meet its expectations with regards to profit.

Final Fantasy 16 and Final Fantasy 7 Rebirth, two large Square Enix games, both launched as PlayStation 5 exclusives. According to a Square Enix financial results briefing from May 2024 that is now availably publicly, profits from Final Fantasy 16 and Final Fantasy 7 Rebirth failed to meet expectations.

Square Enix in a results briefing held on May 13 that was released today revealed Final Fantasy VII Rebirth and Final Fantasy XVI did not meet its sales expectations.

Square Enix admits Final Fantasy 16 and Final Fantasy 7 Rebirth underperformed, prompting a shift to multi-platform releases.

Within the past two years, Final Fantasy fans have been treated to two major releases in the franchise that were met with critical acclaim. But according to Square Enix, Final Fantasy 16 and Final Fantasy 7 Rebirth have both failed to live up to the company's sales expectations.

Square Enix has said that Final Fantasy 7 Rebirth and Final Fantasy 16 both underperformed. As part of a newly published results briefing, which was originally held in May, the company said that “profits unfortunately did not meet [its] expectations.”

Both Final Fantasy 7 Rebirth and Final Fantasy 16 have fallen short of sales expectations, as Square Enix moves toward multi-platform releases.

Square Enix report deems Final Fantasy VII Remake and Final Fantasy XVI commercial failures after disappointing release.