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Ubisoft sales down 42% on tough comp

Ubisoft sales down 42% on tough comp

Thu 18 Jul 2013 3:58pm GMT / 11:58am EDT / 8:58am PDT
PublishingFinancial

Publisher beats Q1 target with digital and catalog growth, but had no new releases to match last year's Ghost Recon Future Soldier

Ubisoft today reported its first quarter results, showing a sharp dip in sales. For the three months ended June 30, the publisher brought in €76 million ($99.5 million), down 42 percent from the €131 million ($171.5 million) it reported for the same period the previous year.

The primary reason for the shortfall was a tough comparison against the first quarter of the previous year, when Ubisoft launched Tom Clancy's Ghost Recon Future Soldier. With no comparable retail releases, Ubisoft actually outperformed its target for the first quarter. Upside was delivered by the company's back catalog sales, which were up 56 percent, and digital business, which Ubisoft said jumped 27 percent in the quarter, "driven primarily by the success of Far Cry 3 Blood Dragon and Call of Juarez: The Gunslinger."

The publisher is expecting to rebound in the current quarter, with sales projected to be up 35 percent year-over-year to €200 million ($261.9 million). This quarter's big releases include Tom Clancy's Splinter Cell: Blacklist and Rayman Legends, both on a variety of platforms.

4 Comments

Rick Lopez
Illustrator, Graphic Designer

1,269 942 0.7
Well they have Watchdogs, Mirrors Edge 2 and if they make it, beyond good and evil 2 which are day one purchases for me. And I saw a new video of assasins creed 4 that change my mind about it. It made me way more interested in it. check this video.

http://youtu.be/KB7X686jKMA

Ill be throwing some money at Ubi-Soft when these games come out. I just think they are expiriencing lower sales because of the console transision. The better games are coming for next gen consoles and alot of people like myself have opted to wait out on those offerings. But from what i can see they are producing really great games.... oh yeah cant forget Rayman Legends... I am stoked.

EDIT: It slipped in by accident... No Mirrors Edge 2 is not UbiSoft, but still its a game Im waiting for. :)

Edited 2 times. Last edit by Rick Lopez on 18th July 2013 7:41pm

Posted:A year ago

#1

Jim Webb
Executive Editor/Community Director

2,270 2,439 1.1
Rick, Mirrors Edge 2 is EA.

Posted:A year ago

#2

Duncan Turner
Ad Operations MAnager

4 1 0.3
Mirrors Edge 2 is EA.

Posted:A year ago

#3

David Serrano
Freelancer

300 272 0.9
@Rick Lopez

Rick, if I can ask... why are you interested in playing Watchdogs, Mirrors Edge 2 or Assassins Creed 4?

Posted:A year ago

#4

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