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Ubisoft reports Q1 2012-13 results
Ghost Recon Future Soldier sells better than expected, next-gen preparation underway
Posted by Alex 'SpectralShock' V on Jul 19, 2012 - 3:05pm EST (Jul 19, 2012 15:05)
Ubisoft has released its sales figures for the fiscal quarter ended June 30, 2012.
Sales for the first quarter of 2012-13 came to €131 million, up 27.2% compared with the €103 million recorded for the same period of 2011-12.
First-quarter sales were aided by higher-than-expected sales of Tom Clancy's Ghost Recon Future Soldier, which was the best-selling console game in the US for May and June, both in unit and value terms.
Also noted was a 41% decline in back-catalog sales to €39 million, due to industry-wide lower retail back-catalog sales. Ubisoft continued strong momentum for the Online segment, with sales up 112% to €27 million. This performance was primarily driven by Free-to-Play titles and by the success of Trials Evolution, which turned in record first-day sales on XBLA.
Yves Guillemot, Chief Executive Officer, stated "Our success at E3 2012 and the robust momentum of our Online games are positive indicators for achieving our full-year targets for 2012-13. Our medium-term goal is to capitalize on both the arrival of the new generation of consoles and the ramp-up of the Free-to-Play segment, which represent two major opportunities for us to step up growth and enhance our profitability.”
Sales for the second quarter of 2012-13 are expected to come in at approximately €110 million, lower than the same period of 2011-12, which saw the release of Driver San-Francisco.
The Company is standing by its previously announced targets for full-year 2012-13.