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.

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Tags: Ubisoft , financial results , MCV USA

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