The lights are on
Ubisoft’s delay of Watch Dogs and The Crew has had a substantial impact on its year-end financials. The company has just reported a net loss of €49.3 million ($67.6 million), down from a positive result in the previous year of €69.2 million ($94.9 million).
The company also reports a sales drop of 19.9 percent from €1.26 billion ($1.73 billion) last year to €1.007 billion ($1.38 billion) in the current fiscal year. Digital now represents 19 percent of Ubisoft’s total sales.
Sales from “core gamers” decreased 18 percent, largely due to the delay of Watch Dogs and The Crew. Just Dance continues to be a hit, with six million units shipped. Assassin’s Creed IV Black Flag also performed well with 11 million units shipped.
CEO Yves Guillemot expects to return to profit, with net income of €150 million ($205.69 million). Sales are also expected to be up, reaching €1.4 billion ($1.92 billion).
Ubisoft also took the opportunity to announce Far Cry 4. You can read more about that here.
Our TakeUbisoft’s delay of two titles into this year should help it return to profit. The expected delay of The Division will hurt a bit, but Far Cry 4 coming this year should help offset that.