Square Enix absorbs $140 million hit as canceled games take significant financial toll; company revising approach to HD titles

Square Enix has announced it will "recognize extraordinary losses" during its fiscal year report ending March 2024, as it pertains to several canceled games. For the fiscal year 2024, the firm will report a $140 million loss due to this content abandonment. According to Square, during a meeting on March 27, the Board voted to revise the company’s approach to developing high-definition games. The result will find the firm acting more selective and focused on allocating development resources.