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Sega's Q1 2024: $102.5M In Video Game Sales Stand Out, Despite Revenue Drop
Sega Sammy Holdings Inc (OTC:SGAMY) reported its financial results for the first quarter of the 2024 fiscal year, revealing a mixed performance with notable strengths in its video game segment, despite an overall decline in net sales.
The results for the three months ended June 30, 2024, indicate a company navigating challenges but finding success in its core entertainment offerings, GamesIndustry.biz reported.
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Video Game Sales Shine Amidst Decline
Sega’s Entertainment Contents division, which encompasses video games, toys and animation, emerged as a bright spot in the company’s financials.
This segment reported net sales of 72.7 billion yen ($493.3 million), marking a significant 34% increase compared to the same period last year.
Within this division, full-game sales saw an impressive growth of nearly 40%, generating 15.1 billion yen ($102.5 million). This growth is a testament to the sustained demand for Sega's gaming products, particularly as the company managed to sell 5.9 million ...