Ubisoft announced its financial results for the first quarter of the fiscal year 2018/2019.
As usual, the publisher Aprovided a breakdown of sales by platforms and region. Games on PS4 are once again at the top of the chart. PC ranks second, Xbox One third, and Nintendo Switch fourth. Yet, the Switch gained traction year-on-year, while PC overtook the Xbox One. It’s also interesting to see that PS4 lost a bit of ground to PC and Switch while retaining its firm share dominance.
Chief Executive Officer Yves Guillemot accompanied the press release with a statement, providing information about the performance of the brand in the past quarter. He mentioned that both Assassin’s Creed Odyssey and Tom Clancy’s The Division 2 were received well at E3, alongside Skull & Bones.
“We had a record first quarter, which exceeded our expectations. This performance was fueled by steady growth for our back catalog and an excellent momentum for PRI, once again confirming the increasingly recurring profile of our business and the ever-greater success of our digital transformation.
Our teams are continuing to deliver on our strategic plan of ramping up our franchises. Assassin’s Creed Odyssey and The Division 2 were very well received at E3, confirming their full potential in a highly competitive environment. Our new creation, Skull & Bones, also made a very good impression due to its innovative gameplay combining naval battles with a multi-player experience.
Thanks to its numerous growth drivers, brisk digital trajectory and close-knit relations with its gamer communities, as well as the fact that it directly owns its brands, Ubisoft is ideally positioned to meet its targets for full-year 2018-19 and continue to grow and increase its profitability over the long term.”
We also get a summary of the publisher’s financial performance.
- Sales : 400.0 M€
- Net bookings up 88.8% to €381.5 million, outstripping the target of around €350.0 million
- Digital net bookings up 76.7% to €287.0 million (75.2% of total net bookings vs. 80.4% in first-quarter 2017-18)
- PRI1 net bookings up 51.5% to €125.9 million (33.0% of total net bookings vs. 41.1% in first quarter 2017-18)
- Back-catalog net bookings up 74.7% to €332.6 million (87.2% of total net bookings vs. 94.3% in first-quarter 2017-18)
- Targets for full-year 2018-19 confirmed
The announcement also included a series of highlights of the company’s performance during the quarter.
Last, but not least, we can check out a breakdown of upcoming releases.
If you’re curious about Ubisoft’s performance over time, you can also check out the previous quarter’s results in our dedicated article from May.