Ubisoft Full-Year 2014-15 Sales and Earnings Figures

Key insights

7 takeaways

01
Ubisoft achieved record financial performance in fiscal year 2014-15 with sales of €1,463.8 million, a 45.3% increase over the previous year.See it on page 2
02
The company shifted from a non-IFRS operating loss of €65.6 million in 2013-14 to a record non-IFRS operating income of €170.7 million.See it on page 2
03
Digital revenue surged 96.8% to €382.7 million, representing 26.1% of total sales and contributing to a record 77.0% gross profit margin.See it on page 2
04
Financial liquidity improved significantly, moving from a net debt of €12.7 million to a net cash position of €211.3 million.See it on page 11
05
Market share across North America, Europe, Australia, and Brazil increased by over three points to reach 12.8%.See it on page 6
06
The company set a non-IFRS operating income target of at least €200 million for 2015-16, supported by a new €100 million share buyback program.See it on page 1
07
Growth was driven by major franchises including Assassin’s Creed, Far Cry 4, and Watch Dogs, which accounted for three of the seven best-selling titles of 2014.See it on page 2

Summary

Ubisoft achieved record financial performance for the 2014-15 fiscal year, ending March 31, 2015, with total sales reaching €1,463.8 million. This represents a 45.3% increase compared to the previous fiscal year. The company successfully transitioned from a non-IFRS operating loss of €65.6 million in 2013-14 to a record non-IFRS operating income of €170.7 million. This growth was driven by the strong performance of major franchises, including Assassin’s Creed, Far Cry 4, and Watch Dogs, which collectively secured three of the seven best-selling titles of 2014.

The digital segment emerged as a primary growth engine, surging 96.8% to €382.7 million and accounting for 26.1% of total annual sales. This shift toward digital distribution, mobile, and additional content contributed to a record gross profit margin of 77.0%. Furthermore, the company improved its liquidity significantly, moving from a net debt position of €12.7 million in the prior year to a net cash position of €211.3 million. These results were supported by a market share increase of over three points, reaching 12.8% across North America, Europe, Australia, and Brazil.

Looking ahead, the company confirmed a non-IFRS operating income target of at least €200 million for the 2015-16 fiscal year. Strategy remains focused on the in-house creation of major franchises and the expansion of live services to maintain long-term engagement. While the company anticipates stable sales for the coming year, it expects continued profitability improvements through favorable currency effects, a robust back-catalog, and the release of new titles such as Tom Clancy’s The Division and Tom Clancy’s Rainbow Six Siege. To support shareholder value, the Board of Directors has approved a share buyback program of up to €100 million over 24 months.