The Crew

Ubisoft FY22 Earnings: H1 Performance

Ubisoft’s H1 FY22 earnings report details the company’s financial performance for the first half of the fiscal year, highlighting a period of transition characterized by a reliance on back-catalog strength and proprietary brand performance.

• Ubisoft reported H1 FY22 net bookings of €718 million, a 5% year-over-year decline but a 9% increase compared to H1 FY20.
• Digital revenue accounted for 78% of total net bookings, despite a 15% decrease in digital sales compared to the previous year.
• Player engagement metrics showed growth, with unique active players up 15% and monthly active users up 9% compared to H1 FY20 levels.

Ubisoft Decides to Invest Additional Development Time in Three Games

Ubisoft is extending development timelines for three upcoming titles to prioritize product quality and long-term engagement.

• Ubisoft has raised its fiscal 2017-18 non-IFRS operating margin guidance to a record 16.5%, up from the previous 15.9% projection.
• Development timelines for three titles are being extended to prioritize quality, including a one-month delay for Far Cry 5 to March 2018 and shifting The Crew 2 to the first half of fiscal 2018-19.
• One of three planned unannounced franchise games has been delayed to fiscal 2019-20, following the successful strategy of extending development time for Assassin’s Creed Origins.

Ubisoft First-Half 2016-17 Sales and Earnings Figures

Ubisoft’s financial results for the first half of the 2016-17 fiscal year demonstrate a successful transition toward a more profitable, recurring business model driven by digital growth and multiplayer engagement.

• Digital revenue surged 102.6% to €202.6 million, now accounting for 72% of Ubisoft's total sales for the first half of fiscal 2016-17.
• Ubisoft improved its non-IFRS operating loss to €61.8 million, down from the €107.8 million loss recorded in the same period of the previous fiscal year.
• The company transitioned from a net debt position of €155.5 million in the prior year to a net cash position of €37.7 million as of September 30, 2016.

Ubisoft Reports First Quarter 2015-16 Sales

Ubisoft’s first-quarter sales for fiscal year 2015-16 reached €96.6 million, exceeding the company’s initial target of €80 million.

• Ubisoft’s Q1 2015-16 sales reached €96.6 million, exceeding the initial €80 million target despite a 73.2% year-over-year decline caused by the absence of a major launch comparable to the previous year's Watch_Dogs.
• Digital revenue grew significantly to account for 56% of total sales, up from 23.2% in the same period last year.
• Back-catalog sales increased by 59.3%, driven by sustained demand for Assassin's Creed Unity, Far Cry 4, The Crew, and Watch_Dogs.

Ubisoft FY15 Earnings Presentation

The Ubisoft Fiscal Year 2015 earnings presentation outlines a period of significant financial recovery and operational growth, driven by the successful execution of a strategy centered on systemic open-world games, digital expansion, and community engagement.

Ubisoft Third Quarter 2014-15 Sales Results

Ubisoft’s third-quarter fiscal 2014-15 sales results demonstrate significant financial growth, characterized by record-breaking quarterly performance and an upward revision of full-year targets.

• Ubisoft reported third-quarter fiscal 2014-15 sales of €809.7 million, a 55.8% year-over-year increase that exceeded initial projections of €730 million.
• Full-year sales targets were raised to approximately €1,440 million, with non-IFRS operating income projected at €165 million.
• Digital revenue surged by 157% during the quarter, representing a significant strategic shift in the company's income composition.

Ubisoft H1 FY15 Earnings Presentation

Ubisoft’s H1 FY15 earnings presentation outlines a period of significant financial growth and operational success, driven primarily by the strong performance of new intellectual property and an expanding digital footprint.

Ubisoft Annual Report 2014

The 2014 Ubisoft Annual Report details a challenging fiscal year characterized by a significant decline in financial performance, primarily driven by the strategic postponement of major titles such as Watch Dogs and The Crew.

• Ubisoft reported a 19.9% decline in annual sales to €1.007 billion and a net loss of €65.5 million for the 2013/2014 fiscal year, largely due to the postponement of major titles like Watch Dogs and The Crew.
• The company set a revenue target of at least €1.4 billion for the 2014/2015 fiscal year, banking on a robust pipeline of intellectual property to return to growth.
• Despite financial losses, the organization maintained a strong equity position of €810 million while continuing to invest in R&D and next-generation console development.

Ubisoft Reports Third-Quarter 2013-14 Sales

Ubisoft’s third-quarter fiscal 2013-14 sales report outlines the company’s financial performance during a period of significant industry transition.

• Ubisoft reported Q3 fiscal 2013-14 sales of €520 million, representing a 35.2% decline compared to the same period in the previous year due to the console generation transition.
• The company adjusted its full-year 2013-14 sales target to approximately €1,000 million, with an anticipated non-IFRS operating loss of €65 million.
• Assassin’s Creed IV Black Flag was a primary performance driver with 10 million sell-in units, while the Just Dance franchise contributed 6 million units.

Ubisoft Updates Its Financial Targets and Games Release Schedule for 2013-14

Ubisoft has revised its financial targets and release schedule for the 2013-14 fiscal year, primarily driven by the decision to delay the launch of two major titles, Watch Dogs and The Crew, until the 2014-15 fiscal year.

• Ubisoft has delayed the release of 'Watch Dogs' and 'The Crew' to the 2014-15 fiscal year to prioritize quality and align with the new console cycle.
• The company downgraded its 2013-14 sales guidance from a range of €1,420–€1,450 million to a new estimate of €995–€1,045 million.
• Financial projections for 2013-14 shifted from expected positive operating income to a projected non-IFRS operating loss of €40–€70 million.

Ubisoft Reports First-Quarter 2013-14 Sales

Ubisoft’s first-quarter sales for the 2013-14 fiscal year totaled €76 million, representing a 42.2% decline compared to the same period in the previous year.

• Ubisoft reported Q1 2013-14 sales of €76 million, a 42.2% year-over-year decline primarily due to the lack of a major title launch compared to the previous year's Ghost Recon Future Soldier.
• Despite the revenue drop, the company exceeded its initial Q1 target of €70 million, supported by a 56% increase in back-catalog sales to €60 million and a 27% rise in digital revenue to €34 million.
• Management reaffirmed full-year 2013-14 guidance, projecting total sales between €1,420 million and €1,450 million and non-IFRS operating income between €110 million and €125 million.

FY24 Earnings: Q2

The presentation outlines Ubisoft’s financial performance for the first half of fiscal year 2024, highlighting a robust Q2 that surpassed expectations.

• Ubisoft exceeded Q2 FY24 expectations with €555 million in net bookings, significantly outperforming the €350 million target driven by the launches of The Crew Motorfest and Assassin’s Creed Mirage.
• Non-IFRS operating income turned profitable at €43.5 million for H1 FY24, a substantial improvement from the €139.0 million loss recorded in the same period last year.
• H1 FY24 net bookings grew 17.6% year-on-year to €822.4 million, supported by an 87% digital revenue mix and a 22% increase in player-generated revenue to €514 million.