Sega reports 17.3% rise in Q3 net sales; games segment exceeds expectations
Sega Sammy reported a 17.3% increase in net sales for its first quarter. The Entertainment Contents segment, which includes games, exceeded expectations at ¥68.4 billion ($432 million). Read more
Sega Sammy's first-quarter net sales surged by 17.3%, outperforming forecasts across all segments. The Entertainment Contents division, which encompasses games, achieved a remarkable ¥68.4 billion ($432 million) in sales. While full-game sales and revenue from licensing and Rovio performed strongly, free-to-play games underperformed slightly.
Sega plans to bolster existing titles' performance and support upcoming releases, such as Stranger Than Heaven and Persona 4 Revival, slated for Q3 next year. The company anticipates a rise in licensing revenue due to anniversaries, adaptations of key IPs, and new Rovio titles. Sega's CEO, Haruki Satomi, cited market changes and challenges in implementing Rovio's Beacon technology as reasons behind a $200 million impairment loss from the 2023 Rovio acquisition.
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