In its first fiscal term ending September 30, 2022, Ubisoft posted fairly stable turnover, but last year’s (already thin) profits gave way to big losses. These negative results specifically take into account the publisher’s recent cancellations: Ghost Recon Frontline, Splinter Cell VR, and two other unreleased games. These cancellations are part of a cost optimization strategy, and Ubisoft should be betting on a smaller number of games to better focus its efforts on the most promising opportunities. It’s also about “Simplify our organization“and”stable workforce”, as a reminder, Ubisoft has passed the 20,000-employee threshold.
Ubisoft results
period | turnover | Operating income | net income |
---|---|---|---|
April 2021 – September 2021 | 751.3 million euros | 25.9 million euros | 1.6 million euros |
April 2022 – September 2022 | 731.2 million euros | – 215.3 million euros | – 190.2 million euros |
As evidenced by the generous roadmap shared in September, the Assassin’s Creed franchise clearly has nothing to fear. This includes new classics (including Ubisoft Bordeaux’s Assassin’s Creed Phantom), but also multiplayer (codenamed Invictus) and mobile games (codenamed Jade). Everything will soon be connected through a portal called Assassin’s Creed: Infinite. “Our goal is to reach a wider audience through more platforms and business models, taking the brand to new heights. We are applying this strategic approach to our other major brands, starting with Rainbow Six and The Division in the near future.“Can we read?
In delicate moments, Ubisoft prefers to highlight positive stats, notably the 85 million players registered for Rainbow Six Siege, the 20 million players spent in Assassin’s Creed Valhalla, or for Mario + Rabbit: Spark of Hope Reservation for the very good review reception, his only consolation prize at the end of the year. When asked about the start of the game, Yves Guillemot said to himself “happy startNoticing an increase in digital sales share and a marketing plan that should be in full swing for the holidays with the help of Nintendo.
Another big headline for the program this fiscal year, Skull and Bones is now expected on March 9, 2023. Ubisoft has confirmed that development is complete, and that this delay will allow it to take advantage of a larger installed base of next-gen consoles. Avatar: Pandora’s Frontier, on the other hand, will miss the current event and won’t be able to compete with James Cameron The franchise’s return to movie theaters remains consistent.
Like many other publishers, even those that didn’t encounter any particular difficulties, Ubisoft slammed into the mobile space through gritted teeth. At the forefront is that Rainbow Six Mobile is about to complete its closed beta, with more than 250,000 players participating and receiving clear positive reviews. With this title, Ubisoft intends to make a name for itself in a market where mobile is king, especially India.
To raise money, keep in mind that Ubisoft also has deeper and deeper ties with Tencent. The Chinese giant, which owns 5.5% of Ubisoft, can increase its stake to 9.99% if it wants. But as a security measure, Tencent has no right to exceed this threshold for 8 years.
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