... and that's lead to an estimated ¥7 billion operating loss at Square Enix.
Avengers hasn’t recouped development costs and is yet to turn a profit, Square Enix has recently advised.
The loss led to Square Enix reporting an estimated operating loss of ¥7 billion in its HD games segment over the last financial quarter.
“Sales of Marvel’s Avengers were lower than we had expected and unable to completely offset the amortization of the game’s development costs,” Square Enix’s Yosuke Matsude said in a translated results briefing (via IGN).
“In addition to the amortization of that game’s development costs,” Matsuda continued, “another significant factor associated with the title was the fact that we undertook a major advertising campaign at the time of its launch to make up for delays in our marketing efforts resulting from the COVID-19 pandemic. There is a certain amount of development costs still to be amortized in 3Q, but we want to recoup it by growing our sales going forward.”
Avengers is currently available on Windows PC, Xbox One, Xbox Series S & X, PS4, PS5 and Stadia. New content arrives next month in the form of Kate Bishop.