RSS Feeds NGN on Facebook NGN on Twitter NGN on YouTube
Welcome, Guest. Login | Register | PW? ]
Header logo
  1. Index
  2. » News

Ubisoft revises financial expectations for 2019

Targets revised downwards as this year's games underperform

Posted on

Ubisoft has announced that it is updating its financial targets and games release schedule for fiscal 2019-20, and communicating its initial targets for fiscal 2020-21.

The Company has revised downwards its targets for fiscal 2019-20 and now expects net bookings of approximately €1,450 million and non-IFRS operating income of between €20 million and €50 million (compared with the previous targets of net bookings of around €2,185 million and nonIFRS operating income of around €480 million).

These adjustments reflect a sharp downward revision in the revenues expected from Ghost Recon Breakpoint and, to a lesser extent, The Division 2. It's also due to the decision to delay multiple Q1/Q2 2020 games to allow for more development time.

Consequently, Ubisoft is now targeting net bookings of approximately €2,600 million and nonIFRS operating income of approximately €600 million for 2020-21.

Yves Guillemot, Co-Founder and Chief Executive Officer, commented: "Over the past few years, we have delivered many high-quality titles, built a portfolio of diversified franchises and successfully conducted the digital transformation of our business. However, we have not capitalized on the potential of our latest two AAA releases. For Ghost Recon Breakpoint, while the game’s quality appeared on track – based on E3, Gamescom, previews and our latest internal playtests –, critical reception and sales during the game’s first weeks were very disappointing."

"Going forward, we are ideally positioned to benefit from the industry’s strong expansion and constant evolution," he added.

The Division 2

Comments
blog comments powered by Disqus
Screens







Online
There are currently 0 members and 135 guests on the website right now.
Who's On?
Activity in the past 10 minutes:
  • 135 guests
Best News this Month
Free Games with Gold for March 2021
A variety of action and adventure offered next month

Posted 11 days ago
Vampire: The Masquerade - Bloodlines 2 developer dropped
A new studio will be taking over, game is delayed indefinitely
12 days ago
FPS Boost feature rollout begins for Xbox Series X|S
First batch of backward compatible titles updated to get the new framerate
16 days ago
Marvel's Avengers next-gen version out in March
The edition arrives alongside new playable Super Hero
19 days ago
Chivalry 2 out in June
Closed Beta planned in March for medieval combat game
23 days ago
Latest Comments
Sniper: Ghost Warrior Contracts 2 out in June
Mar 5, 2021 by dapperr
well priced and fun for what it is, new setting looks...
Aliens: Fireteam announced
Mar 5, 2021 by Red Lantern's Rage
I'm always skeptical of these games, at least Sega isn't...
Free PlayStation Plus games for March 2021
Mar 1, 2021 by ddkay
thats a very strong lineup
Free Games with Gold for March 2021
Feb 28, 2021 by Red Lantern's Rage
Metal Slug is a SNK made arcade shoot em up like Contra...
Free Games with Gold for March 2021
Feb 25, 2021 by dapperr
i've heard of ... none of these. rough month!
New Game Network NGN Facebook NGN Twitter NGN Youtube NGN RSS