Square Enix Loses $48 Million After Marvel's Avengers Release

This weekend Square Enix reported an operating loss of $48 million. While the studio didn't mention the reason for the loss, the developer's reporting period includes tax information through the end of September 2020, which coincides with the month the Marvel's Avengers title was released.

According to PC Gamer, the game publisher did not release sales figures for Marvel's Avengers. However, at the same time the MMO games division (Final Fantasy XIV included) has recently registered profits.

David Gibson, analyst of the games industry in Japan, said on his Twitter that the loss was caused by Marvel's Avengers, which obtained "60% of the total volume planned to sell". , but sold $100 million or more."

David still says:

"It looks like the total cost of the game is close to $170 million to $190 million as they only spent 70% of the cost in the [quarter] plus marketing costs. Why didn't someone say to stop posting the multiplayer beta will continue a mystery. Square is adamant that it can make a comeback..."

Availability of Marvel's Avengers for PS5 and Xbox Series X

Recently, the studio responsible for Marvel's Avengers, Crystal Dynamics, confirmed that the title will not be released for PS5, Xbox Series X and Xbox Series S until 2021. However, at least the developers said that players will be able to play the PS4 and Xbox versions. One X in compatibility mode on next-gen consoles.

What do you think of Marvel's Avengers? Did you get to play? Comment below and share your opinion with us!