Ubisoft sales hit $1.5B, Ghost Recon 4 in Q1 '10

Shaun White sells 3M, HAWX hits 1M, new Wii sports franchise in Q4; Call of Juarez due by June, Splinter Cell Conviction coming by holiday '09.


Ubisoft continues to navigate the hostile global economic environment with aplomb. Reporting its full-year financial results today, the publisher said that revenues for the 12-month period ended March 31, 2009, reached €1.05 billion ($1.50 billion). The sales figure represents a healthy 14 percent (18.4 percent at constant exchange rates) climb over its previous fiscal year's €928 million ($1.3 billion) haul. Ubisoft also said that its cash position now stands at €155 million ($220 million).

Sam Fisher's coming…eventually.
Sam Fisher's coming…eventually.

Unfortunately, as is typical for the French publisher, Ubisoft did not reveal its take in profit for the period. However, Ubisoft CEO Yves Guillemot did indicate that the company's margins were among the best in the industry, saying in a statement, "In a highly competitive environment, Ubisoft reported full-year sales growth of 18 percent at constant exchange rates in 2008-09, as well as the second-best profitability among comparable companies in its industry."

Guillemot trumpeted a number of other wins for the publisher during the year. Sales for Ubisoft's Far Cry and Rayman Raving Rabbids franchises were up 50 percent during the period. The publisher's casual label also experienced significant growth, with Guillemot saying that the segment was up 40 percent on the strength of games for Nintendo's platforms. The executive also noted that Ubisoft hired 1,300 employees during the year, having opened up new studios in Kiev, Ukraine, and Sao Paulo, Brazil, as well as making a number of acquisitions throughout the year.

While full-year sales were up, Ubisoft did see a dip in sales during its post-holiday quarter. For the January-March period, revenues slid 5.1 percent (2.3 percent at constant exchange rates) to €206 million ($292 million), a figure which fell in line with investor guidance. Top performers for the period included Tom Clancy's HAWX, which Ubisoft said achieved its 1 million shipped target, as well as "strong showings" from Rayman Raving Rabbids TV Party and Shaun White Snowboarding: Road Trip for the Wii.

Ubisoft also laid out its financial targets for the coming fiscal year. Though the publisher expects to launch Call of Juarez: Bound in Blood for the Xbox 360 and PlayStation 3 as well as a number of casual games during its in-progress March-June quarter, Ubisoft said that revenues should dive 44 percent to €95 million ($134 million).

However, the publisher still projects to see some growth over its full fiscal year ending March 31, 2010, thanks to second-half sales that are projected to rise 23 percent year-over-year. In total, sales for the 12-month period are expected to hit €1.1 billion ($1.56 billion). The publisher expects to see earnings from its franchise games Assassin's Creed 2, Tom Clancy's Splinter Cell Conviction, Rabbids Go Home, Red Steel 2, and Dawn of Discovery. Licensed games expected to launch during the period include James Cameron's Avatar, Teenage Mutant Ninja Turtles, Cloudy with a Chance of Meatballs, and Arthur and the Invisibles. first revealed back in January.

Tom Clancy fans were also excited by the specific calling out of Ghost Recon 4, due out during the first calendar quarter of 2010. The game was initially revealed simply as "a new Ghost Recon" title back in January, when its launch window was also set.

As part of a postearnings conference call, Guillemot confirmed that the Shaun White franchise has sold 3 million units across the Xbox 360, PlayStation 3, PlayStation 2, PSP, Wii, DS, and PC. "You can expect more Shaun White in the future," the executive said.

Guillemot also noted that the four-years-in-development Splinter Cell: Conviction will finally arrive for the Xbox 360 this holiday season, along with the recently teased Red Steel 2 and a new sports franchise for the Wii.

The executive also briefly touched upon the as-yet-announced new Ghost Recon game, saying that it should arrive during the company's January-March 2010 quarter. The publisher also expects to launch new franchises Ruse and I Am Alive during that same quarter.

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Avatar image for ChiefFreeman

well, we haven't heard a peep about the next Gohst Recon, so a Q1 release date seems extremely unlikely.

Avatar image for batmanboy11

I can't wait for SC, hope to hear more about GR and want a new Rainbow Six.

Avatar image for GuybrushAz

you left out GR summit strike. That was my favorite one. and GRAW2 rocks also.

Avatar image for shawn7324

Ghost Recon could not return any slower. Why not a new Rainbow Six game as well?

Avatar image for Cyrus187

What the heck is going on with Splinter Cell Conviction????? GAMESTOP not Gamespot says its coming out on June 30 but this says Holidays 09'.

Avatar image for whynotdairy

@thenephariouson 1. Ghost Recon 2. Ghost Recon Desert Siege 3. Ghost Recon Jungle Storm 4. Ghost Recon 2 5. G.R.A.W. 6. G.R.A.W. 2 6. G.R.A.W. 2 7. Will be G.R.A.W. 3 or Ghost Recon 4 - Should not change bame to Ghost Recon, G.R.A.W. powns, if they go back to modern day crap I won't buy. the first Ghost Recon was a friggin awesome and unique game I will admit. And I still recognize it as really awesome, GRAW pwns too

Avatar image for thenephariouson

@the-wiz, See following post as this explanation makes total sense when you think about it. [[dramaybaz Posted Apr 30, 2009 10:54 pm GMT Guys , It was; 1. Ghost Recon 2. Ghost Recon 2 3. Ghost Recon Advanced Warfighter , Ghost Recon Advanced Warfighter 2 4 will beGhost Recon 4 GRAW & GRAW2 were kind of like Cod4: Modern Warfare and Modern Warfare 2 will be.]]

Avatar image for the-wiz

Like posted by others.. what happened to 3? I think Ubisoft is on crack

Avatar image for kytomasi

I hope the guy in GRAW4?... doesnt run like hes on rollerblades lol. I loved Graw2 and had a blast playing it.

Avatar image for Yuck_Too

Ghost Recon...loved that game in co-op. Realism > Rambo. ~~~~ Oh and Splinter Cell: Conviction was always a 360 exclusive.

Avatar image for CharlieFubar

ghost recon 4... was there even a 3?

Avatar image for thenephariouson

@SkytheWiz1, Apologies, i didnt mention the PC release as i was only refering to the 'console' format, besides, Ubisoft have always been loyal to the PC platform, and therefore i would assume that a PC release would simply be a foregone conclusion. @Bajda_mdawwrA, Wow what an amazingly thought provoking and intelligent comment, the next time you have a moment of inspiration, could i recommend you keep it to yourself. Many Thanks!

Avatar image for arbelaster

I hope it's just for 360 so PS3 people can shut up about the PS3 having the only good exclusives this year. You know who you are.

Avatar image for SkytheWiz1

@thenephariouson Technically, if it's being released for PC, it's not "exclusive," so I agree - "exclusive" is a BS term nowadays. It'll go to PS3 before too long.

Avatar image for thenephariouson

@Nihmmoh Ubi have stated that SC: Conviction will be exclusively released on the 360, however it may eventually arrive for the PS3 ala Bioshock, but i guess you'll just have to wait and see, as it would seem that the term 'Exclusive' seems a little loose nowadays.

Avatar image for dylan417

they made a GRAW3? wtf? where was i?

Avatar image for Nihmmoh

wait a sec.... is splinter cell conviction not coming to ps3?

Avatar image for thenephariouson

Chaos Theory was my favourite

Avatar image for Hector_01

All im waiting for is Splinter Cell 4. Not double agent, not this conviction game either. I want them to make a proper Splinter Cell 4. Double agent sucked and Conviction seems to stray too far from the originals.

Avatar image for thenephariouson

Well i think the Multiplayer component of a game is more important from a devs perspective as it simply adds longevity to a game, as opposed to completing a Single Player a couple of times then trading it in once your bored of it, which in turn lowers NEW game sales. One example of this is R6 Vegas 1, although over 2 years old, its still a fantastic MP game, that even now has a massive online following.

Avatar image for Phaselinear

Hopefully the multi-player only format (I personally find it boring) will not take over the gaming industry, but rather continue to be offered as an additional option for certain games. First person shooters, RPG's, and the like are the bread winners for many gaming publishers these days. Although Wii has stolen some of the momentum from the other consoles because of it's "family" based appeal, I still believe that the base consoles will continue to make grounds on the PC (expensive at $2500-4500.00 for a system set up) in these times of money crunches. Hopefully during the next next generation of base consoles, we won't be seeing a price surge of several hundred dollars (although I may find myself still paying for it!), and games going for $80 a pop.

Avatar image for philp37

On the seemingly abscence of Ghost Recon 3. Like you I was somewhat confused. But then I remembered Ghost Recon history which had Ghost Recon then Ghost Recon 2, followed by the first next gen game called Ghost Recon: Advanced War Fighter. Then of course the best FSP of all time; Ghost Recon: Advanced War Fighter 2. Which was basically a tweak with alot of additional content. This would make these latter 2 games part of Ghost Recon 3. I have heard some of this thinking before, but like you, I wish Ubisoft would do a better job of conveying it. Ubisoft has passed up huge opportunities in marketing before with this FPS series. As is evidenced by by the success of it's competitor's game known as Call of Duty 4 (you might of heard of it). While COD 4 has a vastly superior single player campaign; FPS fans are more interested in multiplayer action. Even though GRAW 2 by far, trumps COD 4 in the multiplayer part of the game; COD 4 has won at the box office so to speak. So lets hope Ubisoft can score with both it's customary playability and maybe this time with it's marketability. (but don't hold your breath. They have already been showing confusing marketing signals again with their January announcement that the new game would not share the Ghost Recon name... Sheesh!) Glad that everything else is going well for them, because their creative hard work is often undermined by the people who are responsible for getting these games to market.

Avatar image for solo4321

When did Ghost Recon 3 come out?

Avatar image for the_greenzero

It's good and all that conviction is coming out this year but there still isn't that much other news out there on the game itself. Really it wouldn't be bad to have more gameplay details and other info.

Avatar image for allotheabove123

i want another rainbow six but no more vegas somewhere different like new york, or dc now that would be cool

Avatar image for axeman87

Now I'm confused. Will it be a new Ghost Recon, or a Ghost Recon Advanced Warfighter. I know what your saying dramaybaz, but that is ****** confusing. If its a new GRAW it has to be 3 right? The last one was 2.

Avatar image for KillaB123


Avatar image for dramaybaz

Guys , It was; 1. Ghost Recon 2. Ghost Recon 2 3. Ghost Recon Advanced Warfighter , Ghost Recon Advanced Warfighter 2 4 will beGhost Recon 4 GRAW & GRAW2 were kind of like Cod4: Modern Warfare and Modern Warfare 2 will be.

Avatar image for maj_mcnasir_hos

Is Ghost Recon 3 already out?

Avatar image for RawhideSphinx

when did ghost recon 3 come out? never heard of it.

Avatar image for Roggirek

How many times do you see the words "expected" and "should". Jeez.

Avatar image for da_vortexx

alright, new ghost recon and splinter cell. is there any evidence of the new rainbow six game???

Avatar image for pookie2232

A new GRAW 3 and a new R6 exclusivly for the Xbox 360.

Avatar image for -SPECTER-MIKE

Oh wait I am just thinking about Advanced Warfighter, nevermind.

Avatar image for -SPECTER-MIKE

Ghost Recon 4? Is there a Ghost Recon 3?

Avatar image for Doolz2024

Shaun white snowboarding sold that well? i'm surprised

Avatar image for xSithiSx

Man ive been waiting for awhile to hear about a new ghost recon game. I'm glad they finally gave us a release date (kind of). I hope they dont change the game TOO much though.

Avatar image for Mr_Versipellis

Geez, Shaun White sold 3M? Uh oh... Also, new Wii sports franchise from Ubi? Time for the shovelware alarm! SHOOOOOOOOOOOVELLLLLWAAAAARE!!!!

Avatar image for xbox4life76

I agree with jfmorris...the constant repetitiveness was driving me insane on Assassins Creed...graphically a gorgeous game and fun, but repeat the same moves over and over...jeez....

Avatar image for th3warr1or

Finally Conviction will be coming... and Assassin's Creed 2.. this will be a good year for Ubi if they do well.

Avatar image for jfmorris

Glad to hear they're doing well, although I was disappointed in both Assassin's Creed and their Prince of Persia reboot. I bought both, but finished neither--the repetitive structure of both games (enter area/defeat area boss/repeat in new area) just turned me off. It may sound retrograde of me, but I think I would have preferred a more linear approach in each game, if it had meant less repetition and backtracking.

Avatar image for thenephariouson

Although really happy at this announcement, i would absoloutely love to see an announcement on a new R6 game.

Avatar image for Shooterdown

isaacmj Posted May 1, 2009 2:04 am GMT -12 Assassin's Creed 2, Tom Clancy's Splinter Cell Conviction, Rabbids Go Home, Red Steel 2, Ghost Recon 4, and Dawn of Discovery they all sound great but the one I'm really looking forward to the Ghost Recon Me Too!!! Scotty Mitchell, your my hero.

Avatar image for jtthegame316

well CamiKitten you know how 360 fans feel about metal gear 4 don't you. i am not gonna buy a ps 3 just for that game but if they put it on 360 no matter how many disks it spans i would buy it. i just like to play my games if something apears on ps 3 but not 360 i continue to enjoy the great games i already have on the 360 but ps 3 fans moan when the shoe is on the other foot. just go and enjoy the games on your ps 3 most of which are on 360 anyway.

Avatar image for jtthegame316

i can't wait for the new splinter cell. splinter cell is my favorite ubisoft game.

Avatar image for S22391


Avatar image for INFAMOUSHAVOC

what about advanced warfighter 3 love that series

Avatar image for jmartinez1983

SC: Conviction is what I'm looking forward to, if just for the multiplayer.

Avatar image for DiGiTaL_SiNs

Brian Ekberg's Splinter Cell due by holiday '09, you heard it here first.