Ubisoft Full-Year 2012-13 Sales and Earnings Figures

Key insights

7 takeaways

01
Ubisoft reported annual sales of €1,256 million for the 2012-13 fiscal year, an 18% increase that reached the upper end of the company's raised guidance.See it on page 1
02
Non-IFRS operating income grew by 79% to reach €100 million, driven by a successful strategic pivot toward core gaming franchises.See it on page 3
03
Core gaming revenue rose 60% year-on-year to €928 million, fueled by the commercial performance of Assassin’s Creed 3 and Far Cry 3.See it on page 2
04
Digital and online revenue surged 86% to €148 million, highlighting the growing importance of the Uplay platform and online infrastructure.See it on page 2
05
The casual gaming segment declined by 32%, reducing its share of total company sales from 46% in the previous year to 26%.See it on page 2
06
Management set fiscal 2013-14 sales targets between €1,420 million and €1,450 million, with a focus on the new console cycle and free-to-play expansion.See it on page 4
07
As of March 31, 2013, the company maintained a stable financial position with a net cash balance of €104.6 million.See it on page 11

Summary

Ubisoft’s financial results for the 2012-13 fiscal year demonstrate a period of significant growth and strategic transition, characterized by a successful pivot toward core gaming franchises and digital expansion. The company reported annual sales of €1,256 million, an 18% increase over the previous year, with non-IFRS operating income rising 79% to €100 million. These figures reached the upper end of the company’s raised guidance, reflecting strong performance despite challenging market conditions and a contraction in the casual gaming segment.

The core gaming segment served as the primary growth engine, generating €928 million in revenue—a 60% year-on-year increase—driven by the commercial success of titles such as Assassin’s Creed 3 and Far Cry 3. Conversely, the casual games segment experienced a 32% decline, now accounting for 26% of total sales compared to 46% in the prior year. Digital and online revenue emerged as a critical component of the business, surging 86% to €148 million. This shift underscores the company's long-term investment in creative capacity and online infrastructure, including the Uplay platform.

Geographically, the company maintained a strong presence in North America and Europe, which accounted for 54% and 39% of annual sales, respectively. Looking ahead to the 2013-14 fiscal year, management has set initial sales targets between €1,420 million and €1,450 million. The strategy for the coming year focuses on leveraging the transition to a new console cycle, expanding the digital and free-to-play portfolio, and continuing the development of major franchises. The company’s financial position remains stable, with a net cash position of €104.6 million as of March 31, 2013.