Please support Game Informer. Print magazine subscriptions are less than $2 per issue
Ubisoft Posts $67.6 Million Net Loss For Year, Sales Down 20 Percent
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.
[Source: Ubisoft]
Our Take
Ubisoft’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.
I’d like to ask you to support Game Informer’s continued coverage of games with a subscription. For less than two dollars per issue, we mail you a full year of 10 print magazines, each with cover stories and preview features filled with exclusive details about the most exciting upcoming games. We profile and interview game creators. We look back on the rich history of gaming, and we celebrate what’s next.
Here on the website, we offer much of our content for free, including game reviews, daily news, videos, event coverage, and more – all with minimal ads.
We do so with a small editorial team, alongside contributing paid writers from around the world – over 65 individuals from 9 countries around the world, just in the last couple of years.
It’s not possible without support.
In a time when game makers and games coverage have faced hard struggles and layoffs, the future of this 30+ year magazine and community is at risk. Our new standalone magazine subscription is the number one way you can keep us alive – and we believe you’ll get a pretty fantastic gaming magazine in your mailbox every few weeks for your trouble.
Thank you.
