The road to XBOX ONE. Follow the journey

Ubisoft quarterly earnings dip 35 per cent

Erik Johnson
Ubisoft quarterly earnings dip 35 per cent

Ubisoft reported earnings for the quarter ending December 31st, 2013 – revealing a significant year-over-year decline.

The firm brought in €520m in sales during its Q3 period, a 35.2 per cent drop from the same quarter in 2012. Overall sales for the first three quarters of the company's current fiscal year were also down 24.8 per cent, dropping from €1.08bn to €813m.

Ubisoft CEO Yves Guillemot chalked up the under-performance to the recent “console transition.”

"Over the short term, the high quality of our titles — which is unanimously recognized by gamers — has enabled us to achieve our third-quarter sales target despite the transition period currently affecting the market," Guillemot said.

Solid sales of Assassin's Creed IV: Black Flag, Just Dance 2014, and Rocksmith 2014 have helped quarterly results fall in the middle of Ubisoft's guidance of between €500m and €540m.

Looking ahead, Ubisoft expects sales for the fourth quarter to come in at €187m – which would be a year-over-year increase of 7 per cent. The period includes the release of South Park: The Stick of Truth, as well as Rayman Legends on PlayStation 4 and Xbox One.

Advertisement

Tags: Ubisoft , financial results , MCV USA

Follow us on

  • RSS