The lights are on
With two of its big titles slipping into the next fiscal year, Ubisoft is now forecasting a loss for its 2013-14 fiscal year.
In addition to the announcement that Watch Dogs has slipped into 2014, the ambitious racing game The Crew has also been moved from a early 2013 release date into the 2014-1015 fiscal year, which begins in July 2014.
In a new statement, Ubisoft updated its financial targets, saying, "Watch Dogs and The Crew, previously planned for release in fiscal year 2013-14, are now scheduled for 2014-15. The revision of targets for 2013-14 is principally a reflection of these changes. The Company now targets sales of between €995 million and €1,045 million and a non-IFRS operating loss of between €(70) million and €(40) million. Prior targets were sales of between €1,420 million and €1,450 million and non-IFRS operating income of between €110 million and €125 million."
Translated into dollars, that means that Ubisoft's total sales for the year will be around $580 million USD lower and the company now expects to have an operating loss of between $54 million and $94.5 million USD. Previously, a operating income of between $148 million USD and $168 million USD.
Email the author Matt Helgeson, or follow on Twitter, and Game Informer.
Yikes.... I hope they can gain a profit in the future.
The Crew is like an updated version of FUEL. I'm looking forward to it, even if I do have to wait a little longer for it.
That sucks! I just read the preview for The Crew and thought it sounded awesome. I just hope Ubisoft doesn't cancel these two projects. Keep pushing Ubisoft.
wait, Watch Dogs is 2014-15 Fiscal year? That means it's July or later? The hype bubble is about to burst.
Well, this wont change my plans for buying a PS4 at all. But, I was planning on playing Watch Dogs a lot in the week following launch :(
As long as those games do well, and AC4 pulls in money, they should do reasonably well despite the losses.
Bound to happen, although this would seem to indicate that The Crew is delayed as well.
The delay of Watch Dogs made me cry everytime I thought about it.
The Crew was the only next gen game I was interested in.
Well yeah you'd figure as much, Watch Dogs was going to be a big seller, tough luck Ubisoft.
darn, I was hoping to play watch dogs this holiday
Damn, that's a good looking in dash screenshot above. Look at the detail and see how many cops are in the rear view mirror!
well, i rather have a finished product, glitch-free than to release ontime and have a successor to AC3 crappy, glitchfest of a game..yeah it sucks, but i'll wait...
oh please, AC 4 will cushion it.