Assassin's Creed

Ubisoft H1 FY21 Earnings

Ubisoft’s H1 FY21 earnings report details a period of strong financial performance, characterized by a significant increase in net bookings and a record operating margin of 15%.

• Ubisoft achieved 754.7 million euros in H1 FY21 net bookings, exceeding targets and reaching a record 15% operating margin.
• Net bookings from back catalog and live services grew 39.4% year-over-year, supported by 100 million unique players across titles like Rainbow Six Siege and Assassin’s Creed Odyssey.
• The company reported a non-IFRS consolidated net income of 90.1 million euros, marking a significant year-over-year improvement.

Ubisoft First-Half 2020-21 Earnings Figures

Ubisoft’s first-half earnings for fiscal year 2020-21 demonstrate strong financial outperformance, characterized by record profitability and significant growth in digital and back-catalog net bookings.

Ubisoft First-Quarter 2020-21 Sales

Ubisoft achieved record financial performance for the first quarter of the 2020-21 fiscal year, significantly outperforming internal targets.

• Ubisoft reported Q1 2020-21 net bookings of €410.0 million, marking a 30.5% year-on-year increase that significantly exceeded internal targets.
• Digital sales accounted for 86.7% of total net bookings, with Player Recurring Investment (PRI) contributing 48.4%.
• Growth was driven by strong back-catalog performance, specifically a 60% increase in Assassin’s Creed net bookings and a 500% surge in Just Dance.

Ubisoft FY20 Earnings

The Ubisoft fiscal year 2020 earnings summary outlines the company’s financial performance, operational achievements, and strategic outlook during a period marked by significant industry shifts and the onset of the COVID-19 pandemic.

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.

Ubisoft Third-Quarter 2019-20 Sales

Ubisoft’s third-quarter 2019-20 sales report outlines the company’s financial performance for the period ending December 31, 2019, while reaffirming its strategic focus on long-term digital transformation and live-service engagement.

Ubisoft Entertainment: Rapport Financier Semestriel 2019-20

Ubisoft experienced a challenging first half of the 2019-20 fiscal year, characterized by a notable decline in financial performance.

• Net bookings for the first half of fiscal year 2019-20 fell 11.4% to €661.1 million, while non-IFRS operating income dropped significantly to €6.9 million from €110.2 million the previous year.
• Underperformance of Ghost Recon Breakpoint and The Division 2, combined with weakening back-catalog sales, forced a downward revision of financial guidance and the delay of major titles to fiscal year 2020-21.
• Operational costs increased due to a workforce expansion to 17,220 employees and higher research and development spending.

Ubisoft First-Half 2019-20 Sales and Earnings Figures

Ubisoft’s financial results for the first half of the 2019-20 fiscal year, ending September 30, 2019, reflect a period of transition characterized by a strong back catalog performance despite a decline in overall net bookings.

• Ubisoft’s non-IFRS operating income plummeted to €6.9 million for the first half of fiscal year 2019-20, down from €110.2 million in the prior year, largely due to impairment charges from Ghost Recon Breakpoint.
• Net bookings for the period ending September 30, 2019, totaled €661.1 million, representing an 11.4% decline compared to the same period in the previous fiscal year.
• Digital revenue remains the company's primary driver, accounting for 81.2% of total net bookings and experiencing a 3.5% increase in revenue.

Ubisoft Updates Financial Targets and Release Schedule for 2019-20: Communication of Initial Targets for 2020-21

Ubisoft has significantly revised its financial outlook for the 2019-20 fiscal year, citing disappointing commercial performance from recent AAA releases and a strategic decision to delay several high-profile titles.

• Ubisoft slashed its 2019-20 net bookings target from €2,185 million to €1,450 million and reduced non-IFRS operating income projections from €480 million to a range of €20 million to €50 million.
• The company delayed the releases of Watch_Dogs Legion, Gods & Monsters, and Rainbow Six Quarantine to the 2020-21 fiscal year to allow for additional development time and gameplay refinement.
• Management attributed the financial downturn to the underperformance of Ghost Recon Breakpoint and The Division 2, noting difficulties in maintaining momentum for live-service sequels and a lack of product differentiation.

Ubisoft 2019 Document de Référence: Annual Financial Report

The 2019 Ubisoft Annual Financial Report details a record-breaking fiscal year characterized by a successful digital transformation and sustained global expansion.

• Ubisoft achieved record financial performance in the 2018/2019 fiscal year with net bookings of €2,029 million, a 17.1% increase over the previous period.
• The company reached a record operating margin of 22%, driven by a strategic transition toward recurring revenue models and the strength of the Assassin’s Creed and Tom Clancy franchises.
• R&D and production investment reached €768 million, supported by the expansion of the studio network through the acquisition of i3D.net.

Ubisoft First-Quarter 2019-20 Financial Results

Ubisoft’s first-quarter financial results for fiscal year 2019-20 demonstrate a period of robust performance that exceeded internal targets, driven primarily by strong player engagement and recurring investment.

• Ubisoft exceeded its Q1 2019-20 net bookings target of €270 million, achieving €314.2 million despite a 17.6% year-over-year decline.
• Player Recurring Investment (PRI), including DLC and season passes, grew by 19.5% to €150.4 million, underscoring a strategic shift toward long-term revenue streams.
• Digital net bookings accounted for 93.1% of total revenue, reflecting the company's heavy reliance on digital distribution channels.

Ubisoft Full-Year 2018-19 Earnings Results

Ubisoft achieved record financial performance for the 2018-19 fiscal year, characterized by significant growth in digital engagement and recurring revenue streams.

• Ubisoft achieved record financial performance in fiscal year 2018-19, with net bookings rising 17.1% to €2,028.6 million and non-IFRS operating income increasing 49% to €446 million.
• Digital net bookings grew 39% to represent 68.8% of total revenue, successfully surpassing the company's 65% target.
• Player Recurring Investment (PRI) from DLC, season passes, and subscriptions rose 33.4%, now accounting for 31.7% of total net bookings.