Ubisoft reports six month loss of $41m, but expecting big Q3

Ubisoft has reported its earnings for the first half of its fiscal 2012.

During the period running from April 1st through September 30th of this year, the company saw gross profits of around $247m – a 21 per cent increase from the same six months in 2011.

That said, with R&D costs and SG&A costs factored in the resulting figure turns out to be a loss of just over $41m (still nearly a 15 per cent increase from the same time during the year prior).

CEO Yves Guillemot pinned the gross profits increase to the sales of Ghost Recon: Future Solider – specifically pointing out strong digital sales for the title – as well as Just Dance 4, adding that the loss after internal spending can be attributed to large scale marketing campaigns for Assassin’s Creed 3 and Far Cry 3.”

Guillemot predicts a record second half for the fiscal year with the aforementioned titles factoring in along with a stock of Wii U efforts, backing his expectations by mentioning AC3’s strong launch week numbers as part of Ubisoft’s report.

All that in mind, Ubisoft has upped its year-end targets for both sales and operating income.

About MCV Staff

Check Also

N64 and Mega Drive games are coming to a new Nintendo Switch online ‘expansion pack.’

The new tier, exhaustingly titled Nintendo Switch Online + Expansion Pack, was announced during last night's Nintendo Direct, and will feature N64 and Mega Drive games as part of the subscription service.