Ubisoft reports FY 2017-2018 financial results

Ubisoft has released its sales and earnings figures for the fiscal year ended March 31, 2018.

Full-year sales for 2017-18 came to €1,731.9 million, outstripping the target of around €1,640.0 million and up €18.6% (or 22.9% at constant exchange rates) compared with the €1,459.9 million recorded for 2016-17.

Far Cry 5 has become Ubisoft’s second biggest release ever with USD 310 million total players spending in the release week. Assassin’s Creed Origins saw record performance for an Assassin’s Creed game in a fourth fiscal quarter. Tom Clancy’s Rainbow Six Siege now has more than 30 million registered players. Tom Clancy’s Ghost Recon Wildlands is at more than 10 million registered players.

Annual digital revenue was up 37.8% to €1,004.7 million (representing 58.0% of total sales versus 50.0% for the previous fiscal year) for the publisher. Mobile revenue is up 66.2%. Annual back-catalog sales up 27.2% to €826.0 million (47.7% of total sales compared with 44.5% in 2016-17).

For the 2018-19 full financial year, the company expects to release three new AAA games (The Crew 2, Tom Clancy’s The Division 2 and an unannounced franchise title) representing 19 million units (vs the four AAA releases and 23 million units previously announced). Ubisoft has decided to give itself more time to develop Skull & Bones to offer players an even more engaging experience. Skull & Bones is now scheduled for release in 2019-20.

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