Ubisoft is a Rare Success After a Bloody Fiscal Quarter

Ubisoft is a Rare Success After a Bloody Fiscal Quarter

Ubisoft looks strong after a turbulent quarter for the games industry.

Ubisoft is the latest publisher to report its earnings for the most recent fiscal quarter, and the company saw itself coming out ahead. Ubisoft posted fiscal growth and continued strength in its games, with none of the drama other video game companies posted in its earnings call.

Ubisoft earned $684.1 million in net bookings for the fiscal quarter, passing Ubisoft's guidance of $677.6 million. All of the company's major franchises like Assassin's Creed, Far Cry, and Rainbow Six performed well with Siege's player count and revenue up year-over-year.

Meanwhile Assassin's Creed Odyssey and Far Cry 5 had strong performances, becoming the 10th and 4th best-selling game worldwide in 2018 respectively. Ubisoft CEO Yves Guillemot said that with The Division 2 and Far Cry New Dawn Ubisoft expects "to see record performance for fourth-quarter and full-year 2018-19."

Ubisoft's strong earnings contrasts sharply with other game companies. Nintendo posted that it will miss its intended sales goal for Nintendo Switch units, and EA and Take-Two both posted missed earnings. That's despite the launch of Red Dead Redemption 2 for the latter. And while Activision Blizzard posted record finances, it came at the heels of 800 layoffs across the company, including at Blizzard.

Ubisoft by contrast seems to have made it out of 2018 in a relatively healthy position. Siege continues to drive profits for Ubisoft and Guillemot says more ongoing content is in development. Ubisoft also says it will release three to four triple-A games between April 2019 and March 2020.

No word on what those games are, but Ubisoft is currently developing the online pirate game Skull and Bones, and there are rumors invovling new Splinter Cell and Watch Dogs games. Ubisoft is also currently developing Beyond Good and Evil 2, but that's not expected to launch in the next year. You can read our Beyond Good and Evil 2 guide for our full coverage.

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Matt Kim

News Editor

Matt Kim is a former freelance writer who's covered video games and digital media. He likes video games as spectacle and is easily distracted by bright lights or clever bits of dialogue. He also once wrote about personal finance, but that's neither here nor there.

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