Ubisoft reports Q3 FY16 financial results
Record back-catalog sales for the nine-month period
Ubisoft has announced the financial results for Q3 of FY 2016-2017.
Sales for the third quarter of 2016-17 came to €529.9 million, compared with €561.8 million for third-quarter 2015-16 and the prior target of approximately €560.0 million, representing a 5.7% year on year contraction (or 4.5% at constant exchange rates). For the first nine months of fiscal 2016-17, sales totaled €811.3 million, up 5.5% (or 6.7% at constant exchange rates) on the €769.1 million figure for the corresponding prior-year period.
There was a strong increase in player engagement levels - MAU was up 33.1% in the nine-month period. Tom Clancy’s Rainbow Six Siege reached 15 million registered players and record DAU. Tom Clancy’s The Division saw a 152.3% jump in DAU, from October 24, 2016 (the day before Update 1.4) through December 31, 2016. Watch Dogs 2 launch was "not as dynamic as expected, but momentum now positive". Steep on the other hand saw "slightly higher-than-expected performance". South Park: The Fractured But Whole has been delayed to FY 2017-18 (April 2017 onwards).
Record back-catalog sales for the nine-month period accounted for 57.1% of total sales (compared to 36.5% last year ) for a €462. 9 million total. The company also saw record digital revenue for the nine-month period, accounting for 47.2% of total sales (from 27.0% last year ) to €383.0 million.
Ubisoft expects fourth-quarter 2016-17 sales to total between €644.0 million and €684.0 million, compared with €624.9 million for the fourth quarter of 2015-16.