Sega Earnings Report - Losses Increase, Games Division Improves - News
by William D'Angelo , posted on 31 July 2015 / 2,640 ViewsSega has released its earnings report for the quarter ending June 31, 2015. Revenue fell by 41 percent to 53 billion yen ($427 million). Sega also reported a loss of 7.9 billion yen ($63.6 million). This is compared to a profit of 5.1 billion yen a year ago.
Sega Entertainment Contents, which includes packaged and digital games, saw revenue increase four percent year-over-year to 41.9 billion yen ($337 million). Losses were also reduced to 739 million yen ($5.9 million), from 1.3 billion yen last year.
Sega's Pachislot revenue fell a massive 83 percent and posted a loss of 6.7 billion yen ($54 million), due largely to a lack of new releases.
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A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
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They're still making a Sonic Boom game tho.....
Well, with the way they devalue their brand, its not surprising that they have run out of ideas for in-demand pachinko machines.
Oh Sammy... you are so short-sided.
Sega should invest in a new IP. Called: Get A Brain. And find those upgrades fast.
Everything was pretty much expected from this report, except that massive drop in Pachislot revenue. I don't follow the Japanese gambling numbers but there was an expected drop. But 83%? headshake
Sega can burn in hell until they release and English PSO2 in America/PAL territories.
Sony should buy Sega
Nintendo should buy Sega