How's Ubisoft Doing? Here Are the Key Takeaways From Latest Earnings Report
The numbers are in.
Assassin's Creed publisher Ubisoft today reported earnings for the six-month period ended September 30, providing some insight into how the French company is doing from a business perspective.
Ubisoft did not announce any sales numbers for its games, but the company revealed that The Division, Rainbow Six: Siege, and The Crew each have more than 10 million registered players. Bear in mind that these player numbers might be counting free events or multiple people who play on one copy. Ubisoft also noted that Siege saw a 40 percent increase in daily active users following the launch of the game's Skull Rain expansion in August.
Additionally, monthly active users for Ubisoft games rose 43.9 percent compared to last year. Players are spending more, too, as "recurring player investment" rose 132.1 percent to €95.4 million ($105.8 million).
Total revenue for the period was €281.4 million ($312.2 million), which is a 35.7 percent increase over the €207.3 million ($230 million) in revenue that the publisher recorded during the same period last year. Revenue from digital sources was up 102.6 percent to €202.6 million ($224.8 million), representing 72 percent of total sales. This is a dramatic increase year-over-year, as revenue from digital sources during the same period last year stood at 48.3 percent. Back catalog sales were also strong, coming in at €256.4 million ($284.5 million), an increase of 45.5 percent.
Overall, Ubisoft posted a loss of €66.1 million ($73.3 million) which is better than the loss of €75.2 million ($83.4 million) that the company recorded during the same period last year.
Looking ahead, Ubisoft revised its full-year sales targets downward "in order to factor in more conservative sales projections." Revenue is now expected to be between €1.6 billion ($1.77 billion) and €1.67 billion ($1.85 billion), compared to the previous forecast of €1.7 billion ($1.88 billion).
Ubisoft will hold an earnings call to discuss these results starting at 10:15 AM PT / 1:15 PM ET / 6:15 UK time today. We'll report back with more information if anything noteworthy is revealed.
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