Ubisoft Q3 earnings drop 35 per cent year-on-year

David Wildgoose
Ubisoft Q3 earnings drop 35 per cent year-on-year

For the quarter ending December 31, 2013 Ubisoft's reported earnings reveal a significant year-over-year decline.

The firm brought in €520m (AU$785m) in sales during its Q3 period, a 35.2 per cent drop from the same quarter in 2012. Overall sales for the first three quarters of the company's current fiscal year were also down 24.8 per cent, dropping from €1.08bn to €813m (AU$1.63bn to AU$1.23bn).

Ubisoft CEO Yves Guillemot chalked up the under-performance to the recent “console transition.”

"Over the short term, the high quality of our titles — which is unanimously recognized by gamers — has enabled us to achieve our third-quarter sales target despite the transition period currently affecting the market," Guillemot said.

Solid sales of Assassin's Creed IV: Black Flag, Just Dance 2014, and Rocksmith 2014 have helped quarterly results fall in the middle of Ubisoft's guidance of between €500m (AU$755m)and €540m (AU$815m).

Looking ahead, Ubisoft expects sales for the fourth quarter to come in at €187m (AU$282m) – which would be a year-over-year increase of 7 per cent. The period includes the release of South Park: The Stick of Truth, as well as Rayman Legends on PlayStation 4 and Xbox One.


Tags: Ubisoft , financials , Assassin's Creed IV: Black Flag

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