Ubisoft beats Q1 guidance, sales fall 36%

French publisher narrows release window for Driver 3DS as April-June revenues come in at $146 million.

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Ubisoft may have killed off Assassin's Creed 3DS, but the publisher isn't nixing all of the games it announced at the 2010 Electronic Entertainment Expo to support Nintendo's 3D-enabled handheld. As part of the publisher's earnings report for the fiscal quarter ended June 30, Ubisoft offered a narrowed release window for Driver: Renegade, saying the detective drama will arrive on the 3DS sometime before September 30.

Driver: Renegade will be peeling out before October.

Otherwise, Ubisoft didn't have much to get excited about during its first quarter. Revenue during the period fell to €103 million ($146 million), down 36.3 percent from the same period the year prior, when sales were fueled by the long-awaited release of Splinter Cell: Conviction. However, that performance still bested Ubisoft's guidance of €99 million ($140 million). As is customary for the company, net income (or loss) for the period was not disclosed.

The French publisher said that it saw an especially strong performance from its catalog of titles, where sales were up 84 percent year-over-year to €68 million ($96.6 million). Assassin's Creed: Brotherhood, which arrived for the Xbox 360, PlayStation 3, and PC in November 2010, sold particularly well, as did rhythm-game titles such as Just Dance and Michael Jackson The Experience.

Despite beating its own expectations for the first quarter, Ubisoft maintained its guidance for the full year. For the earnings period ending March 31, 2012, Ubisoft expects to earn between €1.04 billion ($1.48 billion) and €1.08 billion ($1.53 billion). Operating income is still expected to come in between €40 million ($56.8 million) and €60 million ($85.3 million).

Discussion

11 comments
taddia
taddia

I don't like ubisoft at all. Really. Lately it's just milking assassin's creed to the bones... It looks like major software houses are falling in love with activision's style XD

Muteki_X
Muteki_X

Up until recently I was a HUGE fan of Ubi, but now they're one of the offenders for abuses of DLC. Seeing the Ubi logo on a package is almost as much a turn-off for me as seeing the Activision or EA logo. Their profits can continue to plummet for all I care now.

GunBladeHero
GunBladeHero ranger

I'm looking forward to Driver Renegade, although I wish to see more footage, I only ever find 2 to 3 videos of it on youtube and they don't show much of the open-ended New york they are saying on the official website.

forest4
forest4

Activision and EA have got nothing on Ubisoft. Best game developer out there right now.

TigerRifle1
TigerRifle1

Hope they don't try to compensate for this by rushing Splinter Cell 6.

nemesis4x
nemesis4x

Ubisoft only good game now is assassins creed, they havent even made another cool IP, they are just sticking to AC and milking it

jasonzilla11
jasonzilla11

@Sagacious_Tien Yeah, shooters seem to be dominating the market lately. Ubisoft needs a high end shooter that can go up against Call of Duty or Halo. It would help them a lot.

Sagacious_Tien
Sagacious_Tien

They need a new franchise, and with Assassins Creed most of the original leads have moved on. They still haven't cracked the shooter market, and Far Cry as a franchise is in its infancy and doesnt have the huge impact a Halo, Call of Duty or Medal of Honour have.

holtrocks
holtrocks

Ubisoft is awesome Call Of Juarez The Cartel never happened