Sega Sammy has released its financials for its Q1 FY18 for the three months ending June 30th 2017.
It posted revenues of $969.8 million for the quarter, up 51.9% year-on-year. Profits for the quarter came to $104.3 million, up and impressive 180.6% year-on-year.
Its Entertainment Contents segment, which includes its mobile games, generated $454.5 million in revenues for the quarter, up 7.7% year-on-year. However, profits for the segment fell 24.7% to $33.6 million due to ever-increasing development costs.
Same old story
Sega did not break out its mobile revenues separately. It did state that it had continued to run events in games such as Hortensia SAGA and Puyopuyo!! Quest, and will continue to do so in the future.
It’s the same story as its last financials, both in terms of its mobile efforts in the quarter and looking ahead. It could be a sign that its mobile business is stagnating, despite numerous efforts to step it up.
During the quarter, Sega launched its Sega Forever program to bring classic games to mobile using an ad-supported model. It also launched idle clicker Crazy Taxi Gazillionaire, which was heartily approved by our IAP Inspector.