After one game industry analyst combed through the latest financial report from Square Enix, it appears that the company took a heavy financial blow delivered at the hands of Marvel’s Avengers. David Gibson has opined that the game only sold 3.3 million copies across all platforms since release in September leading to a $62.7 million loss. Gibson further stated that he believes the cost of developing the game was in the neighborhood of $170M – $190M. As a result, the company only recouped 60% of its sales estimates.
Square Enix – reported Yen6.5bn loss for HD Games driven by Marvel Avengers, would not say how many sold but that volumes were 60% of plan. Implies game cost over $100m to make but only sold 3m or so. Ouch
— David Gibson (@gibbogame) November 6, 2020
Marvel Avengers- it looks like the total cost of the game is closer to $170m-$190m given they only expenses 70% of cost in the qtr plus marketing costs. Why someone didn’t say stop post the multiplayer beta will remain a mystery . Square are adamant they can make a recovery ….
— David Gibson (@gibbogame) November 7, 2020
One example of how the game is struggling comes from SteamCharts which shows that player numbers have fallen from 1,500 players per month in September/October to 800 players in early November. Console numbers have been dropping as well and the next-gen update has been pushed to sometime in 2021.