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Sega reports 17.3% rise in Q3 net sales; games segment exceeds expectations
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Sega Sammy reported a 17.3% increase in net sales for its first quarter.
The Entertainment Contents segment, which includes games, exceeded expectations at ¥68.4 billion ($432 million).
Full-game sales and revenue from licensing and Rovio performed well, while free-to-play games "fell slightly short of expectations," and the company plans to "strengthen operations of existing titles."
Sega expects licensing revenue in this segment to grow in the coming quarters, supported by anniversaries, adaptations of key IP, and new Rovio titles.
The company recorded a $200 million impairment loss on Rovio earlier this year, following its 2023 acquisition of the Angry Birds developer.