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  • Sega Lowers Full Year Forecast

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    December 1st, 2017GamespotUncategorized

    Publisher and developer Sega has lowered its full year forecast for revenue and profits. 

    Its predicted revenue has dropped from $3.38 billion to $2.94 billion, while profits have been lowered from an expected $98.1 million to $44.6 million. That is a drop of 13 percent and 55 percent, respectively. 

    Lower revenue in the pachinko division is the main cause for this as revenue is on track to be 30 percent lower than originally forecasted. 

    Sega's entertainment division, which includes games, is looking better with the success of Sonic Mania and Total War: Warhammer 2. Revenue was only lowered by $4.5 million to $1.9 billion. Operating income is expected to increase 30 percent. 

    "As to the entertainment contents business, strong performance is evidenced by operating income as of the end of the first half surpassing the previous full year forecast and such," reads a statement from Sega.

    "Although launch of new titles for digital games field might delay compare to initial plan, several new titles include mainstay titles are scheduled to be released in packaged games and amusement machine sales field of the entertainment contents business in the second half, operating income is expected to surpass the previous forecast."

    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.

    Full Article - http://www.vgchartz.com/article/270494/sega-lowers-full-year-forecast/