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8th July 2021

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Sega Sammy revenue and profit down in latest financials

Japanese firm posts $24.5 million loss from digital games

Sega Sammy has posted a year-on-year decline in both revenue and profit in its consolidated Q3 financial report.

A rough set of financial results for the Japanese firm are accompanied by a $24.5 million loss in digital games, despite generating $267.2 million revenue from the segment.

Packaged games fared much better, generating $73.6 million profit and $397.3 million revenue.

Company-wide revenue declined by 6.8% year-on-year to $2.27 billion for the nine months ending December 31, 2018.

A modest increase in entertainment revenue was not enough to offset a 20% drop in pachinko segment of its business.

In total, the entertainment segment generated $1.51 billion of the company's revenue for the period, with digital and physical games accounting for $664.7 million.

Operating income fell 53.5% year-on-year to $108 million, with entertainment segment being hit the hardest, declining 38.3% year-on-year to $96.4 million.

Accompanying the results are an adjustment to the annual revenue forecast. Revenue projections have been amended 13.6% below initial assessments, while operating income has been reduced 38.1%.

In a statement Sega Sammy said a slowdown in existing core titles amid an intensification of the Japanese mobile market, coupled underperforming or and delayed new titles, had resulted in the adjustment.

Celebrating employer excellence in the video games industry

8th July 2021

Submit your company

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