Ring of Elden recorded over 1,100% profit with over 16 million units sold months after its launch. The title continues to significantly increase the profits of its developer, as revealed in latest earnings report of FromSoftware’s head quarter Kadokawa.
The dark action RPG conquered the gaming industry in the space of nine months. The title not only surpassed previous FromSoftware games in terms of earnings, but it also exceeded the number of sales of all other titles that debuted in 2022. It is now the best-selling game of the year, increasing Kadokawa’s profits by a whopping 1,100%.
Based on earnings reports, the Japanese conglomerate made a profit of 7.592 billion yen. Reports showing the company’s profits last year revealed that the publishing giant generated 623 million yen. As noted in the report, the global blockbuster had an astronomical effect on the company’s revenue compared to last year, resulting in a 10-fold increase in sales. Even though it hasn’t been a full year since Elden Ring took off, FromSoftware’s magnum opus continues to thrive on all platforms, and it also maintained its position atop Steam’s best-selling titles for several months. after his debut. Although it was troubled by performance issues on PC, the action-RPG continued to amass millions of gamers around the world.
This undisputed success of the title has attracted many investors to FromSoftware for its expertise in delivering blockbuster titles. Earlier this year, Bandai Namco announced that it expected a 34% increase in revenue. It also encouraged giants like Sony and Tencent increase their shares in the developer. The latter now owns 16.25% of the company, with rumors pointing to a future acquisition.
Other rumors are circulating a possible move by Sony to acquire FromSoftware as well, but that seems unlikely, as Kadokawa remains FromSoftware’s largest shareholder with almost 70% of the shares. It’s also safe to say that the Japanese conglomerate won’t be turning its back on its golden goose, as it has generated unfathomable profits in just nine months.
Kadokawa announced that its subsidiary “will continue to invest in the development of more powerful gaming IP for itself”, highlighting the fact that Elden Ring will expand as an IP address, which explains Miyazaki’s announcement, saying that the next episode is almost over. As Elden Ring continues to grow, FromSoftware has started hiring for several projects to also build on its enormous success.