Ubisoft First-Half 2017-18 Sales and Earnings Figures

Key insights

7 takeaways

01
Ubisoft achieved €466.2 million in sales for the first half of fiscal year 2017-18, representing a 65.7% increase over the previous year.See it on page 3
02
Non-IFRS operating income reached €3.1 million, marking a significant turnaround from the €61.8 million operating loss reported in the first half of 2016-17.See it on page 3
03
Digital revenue grew by 69.1% to €342.6 million, while Player Recurring Investment—covering DLC, season passes, and subscriptions—surged by 82.9%.See it on page 1
04
Assassin’s Creed Origins outperformed its predecessor, Assassin’s Creed Syndicate, by achieving a 100% increase in sales during a comparable launch window.See it on page 2
05
Growth was driven by a portfolio including Mario + Rabbids: Kingdom Battle and the continued performance of Rainbow Six Siege, Ghost Recon Wildlands, and For Honor.See it on page 2
06
The company expanded its creative capacity by opening new development studios in Stockholm, Bordeaux, and Saguenay.See it on page 5
07
Management confirmed its financial targets for the 2017-18 and 2018-19 fiscal years based on the success of its live operations model.See it on page 5

Summary

Ubisoft’s financial results for the first half of the 2017-18 fiscal year demonstrate a significant period of growth and operational improvement. The company reported sales of €466.2 million, a 65.7% increase compared to the same period in the previous fiscal year. This performance was driven by a robust portfolio of new releases, including Mario + Rabbids: Kingdom Battle, and the continued success of established titles such as Rainbow Six Siege, Ghost Recon Wildlands, and For Honor. Notably, Assassin’s Creed Origins saw a 100% increase in sales compared to its predecessor, Assassin’s Creed Syndicate, during a comparable launch window.

The company’s strategic shift toward digital revenue and long-term player engagement yielded strong results, with digital revenue rising 69.1% to €342.6 million. Player Recurring Investment, which encompasses DLC, season passes, and subscriptions, grew by 82.9%, underscoring the success of the group's "live operations" model. This strategy contributed to a positive swing in non-IFRS operating income, which reached €3.1 million, a substantial improvement over the €61.8 million operating loss recorded in the first half of 2016-17.

Geographically, the company maintains a strong presence in North America and Europe, which together account for the vast majority of sales. The financial data reflects a commitment to expanding creative capacity, evidenced by the opening of new studios in Stockholm, Bordeaux, and Saguenay. Based on these results, management has confirmed its financial targets for the full 2017-18 and 2018-19 fiscal years. The company continues to prioritize high-quality game experiences and long-term support for its player communities to drive future profitability and shareholder value.