Ubisoft Full-Year 2019-20 Sales and Earnings Figures

Ubisoft’s fiscal year 2019-20 financial results reflect a period of significant transition, characterized by a decline in annual performance compared to the previous year, followed by a strong recovery in the fourth quarter. For the twelve months ending March 31, 2020, the company reported net bookings of €1,534.0 million, a 24.4% decrease from the prior year. Non-IFRS operating income fell sharply to €34.2 million, down from €446.0 million in 2018-19. Despite these annual figures, the fourth quarter outperformed internal targets, with net bookings reaching €417.4 million, driven by high engagement in live service titles and digital content.

The company’s portfolio demonstrated resilience, particularly through its live games strategy. Tom Clancy’s Rainbow Six Siege reached 60 million registered players, while Assassin’s Creed Odyssey and The Division 2 showed strong engagement and recurring revenue growth. Digital net bookings accounted for 82.2% of total net bookings, up from 68.8% the previous year, highlighting a successful shift toward digital distribution and Player Recurring Investment (PRI), which grew by 9.0%.

Looking ahead to the 2020-21 fiscal year, Ubisoft has adopted a cautious outlook due to the COVID-19 pandemic. While the company maintains a strong pipeline of five AAA titles, it has introduced a target range for net bookings between €2,350 million and €2,650 million and non-IFRS operating income between €400 million and €600 million. This guidance accounts for potential production delays and broader economic uncertainties. The company remains focused on leveraging its established franchises and recurring revenue models to navigate the evolving market landscape and the transition into a new console cycle.