Final Fantasy XVI blamed for major Square Enix loss

Final Fantasy XVI blamed for major Square Enix loss
Images via Square Enix

Written by 

Joseph Kime


14th Sep 2023 17:25

At the time of Final Fantasy XVI's launch, you'd think there wasn't a single game coming out for the rest of the year. Square Enix put its everything into promoting the title, but it might've cost it dearly.

Even though fans are more automatically allured to the news of the second part of Final Fantasy 7's remake, the latest game in the series seemed to bag a lot of players who remained gripped until its credits rolled.

Unfortunately, Final Fantasy XVI wasn't the success that Square Enix wanted, as it has seemingly led to some pretty big financial losses for the company and a downward turn for the acclaimed developer. 

FF XVI has made Square Enix a loss

Final Fantasy 16's Clive.
Click to enlarge

The gaming powerhouse must have had some pretty lofty expectations, but according to a new report from Bloomberg (via, Final Fantasy XVI wasn't the banger that Square Enix hoped it would be.

Since June 20, Square Enix's share price has fallen 28%. That's conveniently timed for just two days before Final Fantasy 16 launched. This doesn't necessarily mean that the game itself was a financial failure, but there may have been other factors that dragged the company down.

For all of its sales, Final Fantasy XVI simply couldn't make enough of an impact to slow the intensity of Square Enix's drop. It seems similar to the launch of Marvel's Avengers, which was a game that performed well in its first week but still made a $63 million loss for Square Enix.

Final Fantasy XVI failed, but it failed well

Clive from Final Fantasy 16 surrounded by magical embers.
Click to enlarge

Many feel that it's unfair to put the blame on the shoulders of Final Fantasy XVI for the financial downfalls of Square Enix, as the game itself actually did pretty well...even if it didn't meet expectations.

Final Fantasy XVI turned out a pretty whopping three million sales in its first week, which beat out some big first-party titles like Ratchet & Clank: Rift Apart. There's a lot of money pumped into Final Fantasy - but something is keeping it from helping Square Enix in any meaningful way.

Joseph Kime
About the author
Joseph Kime
Joseph Kime is the Senior Trending News Journalist for GGRecon from Devon, UK. Before graduating from MarJon University with a degree in Journalism, he started writing music reviews for his own website before writing for the likes of FANDOM, Zavvi and The Digital Fix. He is host of the Big Screen Book Club podcast, and author of Building A Universe, a book that chronicles the history of superhero movies. His favourite games include DOOM (2016), Celeste and Pokemon Emerald.
Why trust GGRecon?

Established in 2019, we don’t just cover games - we live them. Our expert team is full of dedicated gamers, qualified journalists, and industry insiders who collectively boast decades of experience covering gaming and esports. This deep-rooted expertise allows us to provide authoritative and nuanced perspectives first-hand from a team who are playing, and researching every game covered on our website. 

Our foundation is built on a profound commitment to editorial independence, ensuring our content remains free from external influence and advertising pressures and is held to the highest level of editorial conduct, integrity, and quality. 

Every article on GGRecon comes from rigorous research, informed analysis, and a passion for gaming that resonates with our readers. We uphold these standards through a transparent editorial policy, accessible here, which governs our processes and maintains our accountability.

Final Fantasy Director can’t wait to be done with ‘marathon’ remake trilogy
Rumoured Final Fantasy 9 remake leaks have us concerned
Final Fantasy 7 Rebirth continues a worrying trend of Japanese gaming
Final Fantasy 7 remake trilogy might not be a PlayStation exclusive
Fortnite fans confused by rumoured Final Fantasy collab