Bandai Namco Entertainment publishedits Q1 FY25 financial results. The companyrecorded a 56% increase in profits and significant increases in net salesand profits during thefirst quarter.
Black Myth: Wukong Releases Final Trailer Ahead of August 20 Release
This new kid on the block looks set to be the next Souls game smash-hit
The company’sinitial forecastfor FY25 was for net sales of $6.9 billion (¥1.08 trillion), which included net profits of $520.3 million (¥81 billion).The previous announcement of the company’s financial expectations remains the same, despite its first quarter performance, but the company has revised its estimates for the six months ending September 30th.
For the period ending September 30th,the companyannounced a revisionto its expectation for net salesfrom $3.5 billion (¥515 billion) to $3.7 billion (¥555 billion) and adjusted its expectation for profits from $273 million (¥40 billion) to $410 million (¥60 billion).
Elden Ring: Shadow of the Erdtree Acts As Revenue Catalyst
The publisher saw strong growth in its digital entertainment sales, which increa sed by 55.8% over the previous year, good for $725 million (¥106 billion). A lot of thisgrowth came from the release of FromSoftware’sElden Ring: Shadow of the Erdtree.
Bandai Namco marketed the expansion to the originalElden Ringgame in a similar to the way the publisher markets a full game.
Internal anticipation for the launch was high.The company notedthat the expansion was the largest FromSoftware had ever built and believedit went beyond thetraditional scope of downloadable content,being the size of many standalone games.
Elden Ring Shadow Of The Erdtree Climbs To ‘Mostly Positive’ Review Rating On Steam, Despite Continued Performance Issues
Shadow of the Erdtree’s “mixed” review rating has climbed back up to “mostly positive,” but performance issues on PC still remain.
Shadow of the Erdtreelaunched in both digital and physical formats andsought to build on the initial game’s success. Within three days of its release,Shadow of the Erdtree sold 5 million units globally, settingthe game up to be one of the most successful of 2024,despite some initial concerns from fans over the game’s performance.
Growth from non-FromSoft sources came from strong sales in the company’s amusement segment, which saw 17% growth over the previous year, increasing to $25,760 (¥33 million).
In the previous financial year, FY24, Bandai Namco was in a two-year sales slump, especially in its digital entertainment sales.
FY24 was headlined by favorable sales from games likeArmored Core 6andTekken 8, as well as contributions from its mobile apps. However, digital sales fell short of their expectations.
Hype and sales forShadow of the Erdtreehave slowed since its initial release. If Bandai Namco’srelease schedule does not offer a game with the potential for similar commercial successtoShadow of the Erdtree, the company can continue to rely on its Toys and Hobby segments, which remain a standout segment.
Warner Bros Reveals Suicide Squad: Kill The Justice League Massively Hurt Company’s Earnings
According to Warner Bros, the latest Suicide Squad title caused a 41% drop in revenue.
