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PC Gamer
PC Gamer
Harvey Randall

Square Enix announces it's tanked $140 million in losses due to 'content abandonment', though there's no clue as to what's been dropped—and where

Square Enix Group Takashi Kiryu
Aerith, a peppy and optimistic character in Final Fantasy 7 Remake, looks a tad confused towards the right of the screen.

In a continuation of Square Enix's promise to review its development processes "from scratch", the gaming giant best known for Final Fantasy announced it was expecting massive losses in a warning to investors yesterday. 

"... in light of the myriad changes underway in the environment surrounding its Group," the statement reads, Square Enix plans to "revise the Group’s approach to the development of high-definition (HD) games with the intention of being more selective and focused in the allocation of development resources. As a result of a close examination of the Group’s development pipeline undertaken in keeping with this revised approach, the Company expects to recognize approximately ¥22.1 billion [approximately $140 million] in content abandonment losses on its books for the fiscal year ended March 2024."

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