Ubisoft's Third Quarter 2018-2019 Financials

Ubisoft’s Third Quarter 2018-2019 Financials Show Strong Growth

Ubisoft’s third quarter 2018-2019 financials have been released, showing their results for the third quarter of their financial year and some highlights for 2018 as a whole. In addition to their financial report, Ubisoft held a conference call highlighting several interesting factors.

Here’s the highlights from Ubisoft’s third quarter 2018-2019 financials: 
  • Overall sales are at €1.35 billion (or $1.5 billion USD) for the last nine months
  • Assassin’s Creed: Odyssey performance was “solid” with “strong increase in player engagement and digital performance”
  • Two Ubisoft games in the top sellers of 2018, Far Cry 5 at fourth place and Assassin’s Creed: Odyssey at tenth place, per financial sources such as NPD
  • Ubisoft CEO Yves Guillemot expects to see “record performance” for both the fourth quarter and for the full financial year of 2018-2019
Here’s the highlights from Ubisoft’s third-quarter 2018-2010 conference call: 
  • The PlayStation 4 and Xbox One install base grew by 21% last year
  • The Nintendo Switch install base grew by 115% year-over-year
  • The Crew 2 has underperformed against Ubisoft’s expectations
  • Ubisoft will continue to focus on owning their IPs and developing games using multi-studio collaborations
  • Ubisoft plans to continue growing their own store (Uplay) while expanding to the Epic Games Store
  • Pre-orders for The Division 2 on PC are already higher than for The Division and are six times higher on the Ubisoft store
  • Ubisoft plans to have three to four AAA games in fiscal 2020 (April 2019 to March 2020)

Overall, Ubisoft is doing very well. It’s also worth noting, in light of Activision-Blizzard’s massive layoffs, that Ubisoft has almost 14,000 employees and is happy with that number.  I’m curious about what games they’ll be bringing in fiscal 2020. Watch Dogs 3 and Skull & Bones seem like obvious choices, but what about the other two?

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