FF14 player count reached the lowest point in 4 years. We lost 75% of the playerbase.

[Clockworks]

Isn't Steam a bad indicator for FF14 since Japanese is heavily on PS5 and a lot of players do not like Steam-SE restriction and play on non Steam PC version?
Steam also not a good indicator
Most of Steam players are made up by non FF14 fan or wow refugee who got attracted during last expansion
If you are saying we lost 75% of WoW Refugees, that I would agree.

"steam is not the entire population so it's not a good indicator"

"lucky bancho is not a good indicator because it doesnt include every single character that is playing now and has been playing since 1.0"