Driver: San Francisco fuels Ubisoft sales
Growing social and downloadable business helps publisher beat forecasts and lessen losses for first half of fiscal year, but overall revenues still down sharply.
Ubisoft posted better-than-expected financial results today, thanks to Driver: San Francisco and a booming downloadable and online business. However, the publisher still posted a net loss for the first half of its fiscal year.
For the six months ended September 30, the French publisher reported revenues of €248.5 million ($343 million), down nearly 5 percent year-over-year. Ubisoft also posted a net loss of €37.1 million ($51.1 million), although that was a significant improvement from its first-half net loss of €89.8 million ($123.8 million) from the previous year.
In a statement accompanying the earnings, Ubisoft CEO Yves Guillemot cited an 85 percent growth in the company's online revenues (including Smurfs for Facebook, From Dust, Trackmania 2 Canyon, Settlers Online, and Howrse) and better-than-expected sales of Driver: San Francisco. Ubisoft's back catalog also performed well, with Just Dance, Michael Jackson The Experience, and Assassin's Creed: Brotherhood name-checked as particularly strong sellers.
As for the full fiscal year ending in March, Ubisoft reiterated its forecast earnings target of €1.04 billion ($1.43 billion) to €1.08 billion ($1.45 billion) in revenues, with an overall operating profit between €40 million ($55 million) and €60 million ($83 million). The publisher's holiday quarter lineup includes a number of notable releases, including Assassin's Creed: Revelations, Just Dance 3, Rayman Origins, The Black Eyed Peas Experience, and I Am Alive.
For more on Driver: San Francisco, check out GameSpot's review.
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