Sega released its Financial report for the 1st quarter for the three months ending June 30, 2024, and while net sales fell 3.2% year over year, the company’s entertainment division (which includes video games) grew 34% (via GamesIndustry.biz).
Much of this increase is attributed to the developer’s acquisition of Rovio, creator of the wildly popular Angry Birds franchise. Sega acquired the company back in August 2023, and it seems to have given it a bit of a boost this quarter, where it earned ¥8.7 billion.
Regular revenue grew by 181%, with Shin Megami Tensei V: Vengeance being one of the company’s key sellers during that period. Shin Megami Tensei V Enhanced Edition sold 500,000 copies in just three days, which is pretty impressive. The Sonic the Hedgehog movies also continue to perform well, and with a third movie coming out in December 2024, Sega expects its profits to remain strong.
Persona 5 Royal also helped improve Persona serial sales for an additional 790 thousand units. That means the series has sold around 9 million copies as of April 2022. Other “recurring titles” (essentially, games launched before the current period) mentioned by Sega include Vanillaware’s brilliant tactical RPG Unicorn Overlord, the latest Yakuza/Like A Dragon title Like a dragon: endless wealthand the Persona 3 remake Persona 3 Reloadwhich continue to sell well for the company.
Although overall profits fell – which the company attributes to the successful launch of its Smart Pachislot Hokuto No Ken in the same period last year – things are looking good for Sega. We mentioned Sonic the Hedgehog 3, but the company also has Sonic X Shadow Generations on the horizon. Plus, for non-Switch owners, there’s Atlus’ new IP Metaphor: ReFantazio and a mobile game for fun Sonic Rumble.
Let us know what you think of Sega’s finances in the comments.
