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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 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.

Ubisoft Third-Quarter 2018-19 Sales

Ubisoft’s third-quarter fiscal 2018-19 sales report highlights a period of resilient performance within a highly competitive market.

• Ubisoft achieved €1,351.9 million in net bookings for the first nine months of fiscal 2018-19, a 13.5% year-over-year increase, while maintaining a full-year target of approximately €2,050 million.
• Digital net bookings grew 33.9% to €897.8 million over the nine-month period, now representing 66.4% of the company's total net bookings.
• Back-catalog net bookings surged 38.6% and Player Recurring Investment (PRI) grew 38.9%, driven by sustained engagement in established titles like Assassin’s Creed Odyssey and Far Cry 5.

Ubisoft FY19 Earnings: First Half

The first half of the 2018-2019 fiscal year reflects a period of robust financial expansion for Ubisoft, characterized by significant growth in digital revenue and strong performance across its core franchises.

• Ubisoft achieved 746 million euros in net bookings for the first half of FY19, representing a 60% year-over-year increase.
• Non-IFRS operating income grew significantly to 110.2 million euros, up from 3.1 million euros in the same period of the previous fiscal year.
• Digital revenue rose 52% to 519 million euros, while recurring player investment increased 49% to 262 million euros.

Ubisoft FY18 Earnings

Ubisoft’s fiscal year 2018 earnings report details a period of robust financial growth and operational success, characterized by a transition toward digital-first revenue streams and recurring player investment.

• Ubisoft achieved 1,732 million euros in annual sales for FY18, representing a 19% year-over-year increase driven by titles like Far Cry 5 and Assassin’s Creed Origins.
• Digital revenue reached 1,005 million euros, accounting for 58% of total sales compared to 50% in the previous fiscal year.
• Recurring player investment from in-game items, DLC, and subscriptions grew by 59% to 483 million euros, making up 28% of total revenue.

Ubisoft Full-Year 2017-18 Sales and Earnings Figures

Ubisoft achieved record-level profitability and strong financial growth for the 2017-18 fiscal year, exceeding its initial performance targets.

• Ubisoft achieved record profitability in fiscal year 2017-18, with total sales rising 18.6% to €1,731.9 million and non-IFRS operating income increasing 26.2% to €300.1 million.
• Digital revenue grew 37.8% to €1,004.7 million, now representing 58% of total annual sales, signaling a successful transition toward a digital-first business model.
• Player Recurring Investment (PRI) surged by 58.7%, driven by digital items, subscriptions, and season passes, while back-catalog sales grew by 27.2%.