SEGA shows signs of recovery as its games division sees an increase in revenue
In SEGA’s latest financial report, the blue brand shows some signs of progress in its financial situation. The Entertainment Contents division earned $337 million in revenue in the first quarter, which is up by 4%. The same time last year the division made a $10.5 million loss, but it has reduced that loss to $5.9 million since then.
When it comes to the sales of packaged games, SEGA moved 1.83 million units, up from 1.7 million the year before. The company overall made a loss of $63.6 million in the first quarter, which is down from a $41 million profit last year. In addition, the company’s revenue dropped by 41% to $427 million. SEGA explains the drop was due to its Pachislot machines, where sales fell 83% due to a lack of new releases.
When it comes to SEGA’s future, the second quarter will see a larger number of new releases in both the Entertainment and Pachislot divisions. SEGA is currently in a state of transition, so hopefully the company will see more positive change in the months to come. What do you hope to see from SEGA in the future? Sound off in the comments below!
via SEGA
