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.