{"id":822867,"date":"2025-12-09T14:59:41","date_gmt":"2025-12-09T14:59:41","guid":{"rendered":"https:\/\/www.vg247.com\/square-enix-absorbs-140-million-hit-as-canceled-games-take-significant-financial-toll-company-revising-approach-to-hd-titles?utm_source=feed&#038;utm_medium=rss&#038;utm_campaign=feed"},"modified":"2025-12-09T14:59:41","modified_gmt":"2025-12-09T14:59:41","slug":"square-enix-absorbs-140-million-hit-as-canceled-games-take-significant-financial-toll-company-revising-approach-to-hd-titles","status":"publish","type":"post","link":"https:\/\/arcader.org\/news\/square-enix-absorbs-140-million-hit-as-canceled-games-take-significant-financial-toll-company-revising-approach-to-hd-titles\/","title":{"rendered":"Square Enix absorbs $140 million hit as canceled games take significant financial toll; company revising approach to HD titles"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/arcader.org\/wp-content\/uploads\/2024\/04\/square-enix-absorbs-140-million-hit-as-canceled-games-take-significant-financial-toll-company-revising-approach-to-hd-titles.jpg\" \/> <\/p>\n<p>Square Enix has announced it will &#8220;recognize extraordinary losses&#8221; during its fiscal year report ending March 2024, as it pertains to several canceled games.<\/p>\n<p>For the fiscal year 2024, the firm will report a $140 million loss due to this content abandonment.<\/p>\n<p><a href=\"https:\/\/www.hd.square-enix.com\/eng\/ir\/pdf\/20240430_01_en.pdf\">According to Square<\/a>, during a meeting on March 27, the Board voted to revise the company&#8217;s approach to developing high-definition games. The result will find the firm acting more selective and focused on allocating development resources.<\/p>\n<p><a href=\"https:\/\/www.vg247.com\/square-enix-absorbs-140-million-hit-as-canceled-games-take-significant-financial-toll-company-revising-approach-to-hd-titles?utm_source=feed&#038;utm_medium=rss&#038;utm_campaign=feed\">Read more<\/a><\/p>\n<p><a href=\"https:\/\/www.vg247.com\/square-enix-absorbs-140-million-hit-as-canceled-games-take-significant-financial-toll-company-revising-approach-to-hd-titles?utm_source=feed&#038;utm_medium=rss&#038;utm_campaign=feed\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Square Enix has announced it will &#8220;recognize extraordinary losses&#8221; 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&#8217;s approach to developing high-definition games. The result will find the firm acting more selective and focused on allocating development resources. Read more Source<\/p>\n","protected":false},"author":1,"featured_media":822868,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[1426,21,59,45,268,60,4616],"class_list":["post-822867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-vg24-7","tag-financials","tag-nintendo-switch","tag-pc","tag-ps5","tag-square-enix","tag-xbox-one","tag-xbox-series-x-s"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Square Enix absorbs $140 million hit as canceled games take significant financial toll; company revising approach to HD titles | Arcader News<\/title>\n<meta name=\"description\" content=\"Square Enix has announced it will &quot;recognize extraordinary losses&quot; during its fiscal year report ending March 2024, as it pertains to several canceled\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/arcader.org\/news\/square-enix-absorbs-140-million-hit-as-canceled-games-take-significant-financial-toll-company-revising-approach-to-hd-titles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Square Enix absorbs $140 million hit as canceled games take significant financial toll; 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