Assassin's Creed Shadows
GameBy Ubisoft
Documents about Assassin's Creed Shadows
Ubisoft H1 2024-25 Financial Results
Ubisoft’s financial results for the first half of fiscal year 2025 reveal a period of significant contraction and strategic realignment.
- Ubisoft reported a 19.6% decline in H1 FY25 revenue to €671.9 million and an operating loss of €271.8 million, compared to a €16.1 million profit in the same period last year.
- The company is investing an additional €20 million to polish Assassin’s Creed Shadows, delaying its release to February 14, 2025, to avoid the technical issues that hindered Star Wars Outlaws.
- Both Star Wars Outlaws and the free-to-play shooter XDefiant have underperformed against internal sales and retention targets.
Ubisoft in Crisis Mode (Again)
Ubisoft is currently navigating a significant corporate crisis characterized by lowered financial expectations, project delays, and an internal struggle to manage public perception.
- Ubisoft has delayed the release of Assassin’s Creed Shadows from November 2024 to February 14, 2025, citing the need for further polish following the underperformance of Star Wars Outlaws.
- The company lowered its financial guidance for the fiscal year ending March 2025, reducing its net bookings forecast from €2.3 billion to €2.0 billion.
- Analyst estimates suggest that Star Wars Outlaws is underperforming initial sales expectations by approximately 2.5 to 3 million units.
Week in Mobile Games E30 - Ubisoft's woes and Genshin Impact hits $6bn in four years(!)
Ubisoft currently faces a period of profound instability characterized by a 20 percent decline in share price, driven by the strategic delay of Assassin’s Creed Shadows and the underwhelming commercial performance of Star Wars Outlaws.
- Genshin Impact has generated $6.3 billion in lifetime revenue over four years, demonstrating the long-term viability of mobile live-service titles despite a recent dip in annual earnings due to market saturation.
- Ubisoft is facing significant financial instability, marked by a 20 percent share price decline following the delay of Assassin’s Creed Shadows and the poor commercial performance of Star Wars Outlaws.
- Dungeon & Fighter Mobile has emerged as a major revenue driver, securing over $800 million in gross revenue within its first four months in the Chinese market.
Ubisoft Updates Its Financial Targets for FY2024-25
Ubisoft has revised its financial targets for the 2024-25 fiscal year, now projecting net bookings of approximately €1.95 billion and aiming for a break-even non-IFRS operating income and free cash flow.
- Ubisoft has lowered its FY2024-25 financial targets to approximately €1.95 billion in net bookings, aiming only for break-even non-IFRS operating income and free cash flow.
- Second-quarter net bookings are now projected to reach between €350 million and €370 million, missing internal expectations due to the underperformance of Star Wars Outlaws.
- The release of Assassin’s Creed Shadows is delayed to February 14, 2025, to allow for further polish and to accommodate a shift away from the traditional Season Pass model.
The Assassin’s Creed Franchise on Live Streaming
The Assassin’s Creed franchise maintains its relevance in the modern gaming landscape by continuously evolving its gameplay mechanics and settings to capture audience interest.
- Assassin’s Creed Valhalla remains the franchise's viewership peak, driving monthly hours watched to 30.1 million, likely due to its open-world RPG format and popular Norse setting.
- Assassin’s Creed Mirage generated 5 million hours watched and 114,000 peak viewers during its first week, though it underperformed compared to larger-scale titles like Starfield (27.9 million hours) and Marvel’s Spider-Man 2 (11.2 million hours).
- Pre-release interest for Assassin’s Creed Shadows is high, with 199,000 chat mentions on Twitch, bolstered by a 7,100-mention trailer release in May and a 5,800-mention gameplay demo in June.
Ubisoft Q1 2024 Financial Results
Ubisoft’s financial results for the first quarter of the 2025 fiscal year, ending June 30, 2024, demonstrate a period of growth that exceeded internal expectations.
- Ubisoft exceeded Q1 financial targets with €290 million in net bookings, an 8.3% year-over-year increase, driven by the launch of XDefiant and a strong back catalog.
- Total revenue for the quarter reached €323.5 million, representing a 12% year-over-year growth.
- XDefiant surpassed 10 million players within its first two weeks, becoming a primary revenue driver for the company.
Our Industry News (10/06/24 - 16/06/24)
The brief covers a week of industry activity from 10 to 16 June 2024, focusing on major events, legal developments and new releases.
- Valve faces a £656 million lawsuit in the UK alleging that Steam’s price-parity clauses suppress market competition.
- Microsoft’s Xbox Games Showcase outperformed Ubisoft’s Forward event, drawing 3.8 million YouTube views with a 14:1 up-vote ratio compared to Ubisoft's 568,000 views and sub-2:1 ratio.
- GameStop raised $2 billion in capital following a recent rally in its share price.
Ubisoft Full-Year 2023-24 Earnings Figures
Ubisoft achieved a significant financial turnaround during the 2023-24 fiscal year, transitioning from substantial losses to profitability.
- Ubisoft returned to profitability in fiscal year 2023-24, reporting a net income of €157.9 million compared to a €494.7 million loss in the previous year.
- Net bookings reached a record €2.32 billion, marking a 33.5% year-over-year increase driven by strong back-catalog sales and a 12% rise in total player engagement hours.
- The company improved operational efficiency by reducing its fixed cost base by €150 million through a reorganized internal model and streamlined production strategy.
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