Sega Sammy Reports Q3 Earnings - Project SEKAI COLORFUL STAGE! Remains #1 F2P Game Followed by PSO2

Sega Sammy reported their Q3 2022 earnings today and there were a few interesting tidbits of information. Firstly, the top 3 free to play games for the quarter were: "Project SEKAI COLORFUL STAGE! feat. Hatsune Miku", Phantasy Star Online 2, and Sega Net Mahjong MJ.

Free to play sales also hit a quarterly high of 16.2 billion yen (approx $109m). To put that figure into context, 'full game sales' (traditional buy to play games) came in at 12.4 billion yen for the quarter. Typically Sega's full priced game segment brings in more revenue than free to play, but they didn't have any major releases this quarter (Persona 5 Royal launched in October, which is in Q4). Revenue in the F2P segment is also much more consistent, whereas full game games depend on new titles.

While Phantasy Star Online 2 has seen some success in the West, the vast majority of Sega's free to play revenues continue to come from Japan. Year to date free to play revenue from North America and Europe combined was 4.1 billion yen vs 27.1 billion for Japan alone. For full game sales though, North America and Europe are by far the biggest markets for Sega.

Further Reading: Sega Sammy Earnings Presentation CY Q3 2022