Ubisoft reports FY21 financial results
Company sees large boost to sales during the past twelve months
Ubisoft has released its earnings figures for fiscal 2020-21, the twelve months ended March 31, 2021.
Sales for full-year 2020-21 amounted to €2,240.6 million, up 46.1% (or 49.5% at constant exchange rates) on the €1,534.0 million figure for 2019-20, in line with the target of between €2,220 million and €2,280 million.
On March 26th Ubisoft announced its best performance to date for Tom Clancy’s Rainbow Six Esports regional leagues, with record-breaking peak concurrent viewers and average minute audience results in each of its four regional leagues. It was also a record performance year for the Assassin’s Creed franchise, with total yearly revenue up 50% vs prior record set in 2012-13. The Division reached 40 million unique players.
For 2021-22 target, the company expects sales to be up single digit. Non-IFRS operating income between 420 & 500 M€. The top-line growth will be driven by both back-catalog and new releases. Back-catalog growth will be spurred by its underlying robust dynamic, by a significantly stronger release slate in 2020-21 than in 2019-20 and by bigger post-launch plans, more than compensating for the high comparison 2020-21 base resulting from the lockdown impact on overall engagement. Ubisoft also expects to release a solid and well-diversified line-up, including premium and F2P titles. The year will notably see the release of Far Cry 6, Rainbow Six Quarantine, Riders Republic, The Division Heartland and Roller Champions. Skull and Bones will now be released in 2022-23.