Ubisoft half-year financial results show revenue increase

Ubisoft has reported its half-year financial results, posting sales revenue of €293m for the period.

The figure represents a five per cent year-over-year increase, with Q2 sales specifically showing an increase of 46.6 per cent and exceeding Ubisoft’s own expectations by €17m. Digital sales saw significant growth as well, up 29 per cent to €71m for the most recent quarter.

Along with the sales increase of downloadable goods, Ubisoft also attributes the positive results to solid back catalogue sales of Far Cry 3 and Assassin’s Creed III.

Despite the increase in gross sales, a €42.1m rise in research and development actually resulted in a net loss of €62.1m – a situation Ubisoft CEO Yves Guillemot believes will be remedied with the arrival of Sony and Microsoft’s next-gen consoles.

"The PS4 and Xbox One will be released in a few days’ time and will be a new driving force for the industry," he stated in the report.

"We are confident in our capacity to rise to the short-term challenges posed by the transition phase, thanks to the very high quality of our games, which, combined with the upcoming arrival of the next-generation consoles and the traditional ramp-up of sales during the Christmas season will trigger positive momentum towards the end of the year.”

About MCV Staff

Check Also

[From the industry] World’s Biggest Charity Event in Gaming Returns For 2021 with Fourteen Fantastic Charities

Celebrating its 10 year anniversary, Jingle Jam brings together the whole gaming community in an epic and emotional event that runs from the 1st to the 14th of December.