Bandai Namco Entertainment published its Q1 FY25 financial results. The company recorded a 56% increase in profits and significant increases in net sales and profits during the first quarter.
The company's initial forecast for FY25 was for net sales of $6.9 billion (¥1.08 trillion), which included net profits of $520.3 million (¥81 billion). The previous announcement of the company's financial expectations remains the same, despite its first quarter performance, but the company has revised its estimates for the six months ending September 30th.
For the period ending September 30th, the company announced a revision to its expectation for net sales from $3.5 billion (¥515 billion) to $3.7 billion (¥555 billion) and adjusted its expectation for profits from $273 million (¥40 billion) to $410 million (¥60 billion).
Elden Ring: Shadow of the Erdtree Acts As Revenue Catalyst
The publisher saw strong growth in its digital entertainment sales, which increa sed by 55.8% over the previous year, good for $725 million (¥106 billion). A lot of this growth came from the release of FromSoftware's Elden Ring: Shadow of the Erdtree.
Bandai Namco marketed the expansion to the original Elden Ring game in a similar to the way...
