Poor Shenmue 3 sales slash Deep Silver’s revenue by $8 million

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Shenmue 3 has been out for a while now, and it looks like it didn’t sell too well. Poor Shenmue 3 sales have caused Deep Silver’s revenue estimates to be adjusted downward by almost $8 million.

ResetEra highlights a recently-released financial report which details updated revenue figures for the Embracer Group (formerly THQ Nordic). Among these detailed figures is a passage which states that Shenmue 3’s performance on the market wasn’t anywhere near what they expected.

Here’s the relevant passage:

Estimate revisions due to FF VII, Shenmue III & Biomutant

We lower our revenue estimate for Deep Silver from SEK 625m [$64.62 million] to SEK 550m [$56.86 million] in Q3’19/20e, mainly due to Shenmue III performing below our expectations. Furthermore, as no official release date has been announced for Biomutant, we have pencilled in a release in the next financial year instead of Q4’19/20e. Lastly, due to a delay of Square Enixs’ Final Fantasy VII remake, we now pencil in a release in Q1’20/21e instead of Q4’19/20e. See page 3 for more details.


As the report shows, the low Shenmue 3 sales were not the only contributing factor; the lack of a release date for Biomutant and the delay in the Final Fantasy 7 Remake also impacted these financial figures. However, it seems that Shenmue 3 likely caused a big hit to this year’s profits.



Posted:
Related Forum: Gaming Discussion

Source: https://www.gamerevolution.com/news/633272-poor-shenmue-3-sales-deep-silver-revenue-8-million

Comments

"Poor Shenmue 3 sales slash Deep Silver’s revenue by $8 million" :: Login/Create an Account :: 3 comments

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naterocks500Posted:

samule That sucks. I have the game for my PS4, but still have yet to play it. It doesn't really attract that many new players and the fact that it only for the PS4 and PC is a huge downside.


As well as it became Epic exclusive on PC along with a ton of controversy before it released.

samulePosted:

That sucks. I have the game for my PS4, but still have yet to play it. It doesn't really attract that many new players and the fact that it only for the PS4 and PC is a huge downside.

Rocky5Posted:

That's what happens when you miss xbox, would have had my money. Not going to pay £450 just to play it