Ubisoft FY15 Earnings Presentation

The Ubisoft Fiscal Year 2015 earnings presentation outlines a period of significant financial recovery and operational growth, driven by the successful execution of a strategy centered on systemic open-world games, digital expansion, and community engagement. The company reported annual sales of 1,464 million euros, representing a 42% increase at constant exchange rates. This performance was supported by a strong portfolio of new releases, including Assassin’s Creed, Watch Dogs, Far Cry 4, and The Crew, which collectively sold over 30 million units.

Financial results for the period reflect a record gross margin of 77% and a non-IFRS operating profit of 171 million euros, exceeding the company's initial target of 165 million euros. Digital revenue emerged as a critical growth engine, rising 97% to reach 383 million euros, or 26% of total sales. The company also achieved a record free cash flow of 176 million euros, marking a sharp improvement from the previous year, and ended the fiscal year with a net cash position of 211 million euros.

Looking ahead to fiscal year 2016, the company maintains a stable sales outlook while targeting a minimum non-IFRS operating income of 200 million euros. Strategic priorities remain focused on leveraging high-potential live services, expanding digital capabilities, and capitalizing on the growth of next-generation console platforms. The company continues to prioritize long-term brand visibility through its established franchises and the development of new intellectual properties, supported by a two-year, 100 million euro share buyback program. These results underscore a transition toward a more digital-centric business model, bolstered by sustained investment in internal production capacity and the cultivation of increasingly engaged player communities.