Ubisoft quarterly report: sales fell to €352 million, of which 94% were games from the back catalog
Ubisoft has published a report for the first quarter of the current fiscal year (ended June 30). All key indicators of the company have fallen compared to last year. They managed to earn only € 352.8 million, while almost all of the revenue was provided by old games.
Assassin’s Creed ValhallaMain figures:
- quarterly sales amounted to €352.8 million — 17.4% less in annual terms;
- the volume of net receipts (net bookings) also decreased. It fell by 20.5% to €326. Nevertheless, this is €6 million more than Ubisoft planned;
- digital copy sales brought the French publisher €279.4. They accounted for 85.5% of total sales. Moreover, only 38% of them were on the games themselves. The rest is additional content;
- games released before the first quarter were responsible for 94% of sales revenue. The back catalog generated €306.8 million – 21.9% less in annual terms;
- consoles have remained the most profitable platform for Ubisoft. PS4/PS5 accounted for the most sales in the quarter (30%). The second place went to PC (24%). Next are the Xbox consoles (19%) and mobile (13%). Nintendo Switch this time brought the smallest revenue (8%);
- The largest market was North America, which provided 50% of sales.
Ubisoft plans to improve the quality and depth of the game catalog, thanks to which it hopes to increase both the size of the audience and revenue. Existing premium titles and new franchises should help the company in this. She will also work on free-to-play games for PC, consoles and mobile devices.
During the conference call, Ubisoft indicated that 80% of current investments will be directed to AAA projects, and 20% to frituplay.
As for specific games, Ubisoft plans to revive the Beyond Good and Evil 2 franchise, release content for Assassin’s Creed Valhalla, and work closely on Far Cry 6, Rainbow Six Extraction and Mario + Rabbids: Sparks of Hope. Of the new products, she prepares Skull & Bones, Riders Republic, Avatar: Frontiers of Pandora and titles in the “Star Wars” universe. In addition, she is going to develop several mobile games, among which there is Tom Clancy’s The Division.
In the second fiscal quarter, Ubisoft expects to earn €340 million on net proceeds.
