The major titles released by Square Enix may have actually been profitable, according to comments by their new CEO.
Tomb Raider, Sleeping Dogs, and Hitman: Absolution sold very well but not as much as they expected. Earlier it was revealed that these titles may not have broke even compared to the their budgets.
The new CEO, Yosuke Matsuda, mentioned in their financial results that the western market for packaged goods has been challenging. He took over from Yoichi Wada who had resigned after “extraordinary loss” posted by the company.
“These titles were lauded from a creative perspective, achieved very high levels of quality, and I believe that we achieved our primary goal of reinvigorating existing IPs and creating new IPs,” he said.
“[E]ven though development expenses were covered, these titles did not sufficiently contribute to profit.”
This means that there could be sequels for Tomb Raider, Hitman and Sleeping Dogs in the future.