Ubisoft report: Receipts rose to record levels, 1,700 employees laid off in 18 months
Ubisoft has released a report for the fiscal year ended March 31, 2024. Below is the main part of the document.
Assassin’s Creed Shadows
- Ubisoft's sales for the year amounted to 2.3 billion euros. They increased by 26.8% compared to the previous year.
- The operating profit amounted to 313.6 million euros. A year ago, the company reported a loss of 585.8 million euros.
- Net receipts reached a record 2.32 billion euros. An increase of 33.5%.
- 85.6% of the proceeds came from digital sales (in-game purchases, DLC purchases, subscriptions, and more).
- Console and PC games were responsible for 56% and 32% of revenue, respectively. The share of revenue from mobile games decreased sharply compared to the previous year: from 31% to 6%.
- The number of unique active players in Ubisoft's console and PC projects increased by 4% over the year to 138 million people. The time that users spent playing games also increased by 12%.
- Rainbow Six Siege continued to show excellent results. Its net receipts have risen by more than 50%.
- The annual audience of the Rainbow Six and Assassin's Creed franchises has exceeded 30 million unique active players.
- Skull and Bones showed high engagement. In the first weeks after the game's release, users spent an average of four hours a day in it. This is the second result among Ubisoft games.
- Ubisoft has canceled The Division Heartland free-to-play action game. She decided to redistribute the released resources to the more promising XDefiant and Rainbow Six.
- Ubisoft wants to restore its leadership position in the open-world adventure games market and expand its presence in the game services market.
- Ubisoft continues to restructure. According to the company's estimates, between September 2022 and March 2024, its staff decreased by 1,700 employees. As of March 31, 2024, Ubisoft employed 19,011 people. Thanks to the restructuring, Ubisoft was able to reduce annual costs by 150 million euros. By 2026, she plans to cut them by another 200 million euros.
