SEGA has posted their second quarter earnings report and things might finally be turning around for the once-console maker.
In the period ended on September 30, SEGA's consumer business generated revenues of $44 billion (35.7 billion yen), which is an increase of 5.6 percent over the same period last year. Despite posting a rise in sales, the videogame division posted an operating loss of $9.7 million (780 billion yen), which is a rather significant improvement compared to the 6 billion yen loss last year.
Going hand-in-hand with the company's restructuring, SEGA has dramatically reduced their number of games they produce. This resulted in a 2.7 million units sold in the first half of the fiscal year. In the digital side of things, Phantasy Star Online 2 has reached one million registered users, and out-paced SEGA's revenue projections.
SEGA's game division was the source of less than a third of the company's total revenue, which were down 10 percent year-on-year to $1.7 billion (136.6 yen) but due to the restructuring and cost-cutting measures, the publisher's profits also saw a 2.7 percent raise to $48 million (3.9 billion yen).
Could SEGA's fortune finally be turning for the better? Sure seems like it. Let's just hope it continues so the publisher can go back it its former glory — or at least close to it.
Source: GamesIndustry
