Growing social and downloadable business helps publisher beat forecasts and lessen losses for first half of fiscal year, but overall revenues still down sharply.
Ubisoft posted better-than-expected financial results today, thanks to Driver: San Francisco and a booming downloadable and online business. However, the publisher still posted a net loss for the first half of its fiscal year.
For the six months ended September 30, the French publisher reported revenues of €248.5 million ($343 million), down nearly 5 percent year-over-year. Ubisoft also posted a net loss of €37.1 million ($51.1 million), although that was a significant improvement from its first-half net loss of €89.8 million ($123.8 million) from the previous year.
In a statement accompanying the earnings, Ubisoft CEO Yves Guillemot cited an 85 percent growth in the company's online revenues (including Smurfs for Facebook, From Dust, Trackmania 2 Canyon, Settlers Online, and Howrse) and better-than-expected sales of Driver: San Francisco. Ubisoft's back catalog also performed well, with Just Dance, Michael Jackson The Experience, and Assassin's Creed: Brotherhood name-checked as particularly strong sellers.
As for the full fiscal year ending in March, Ubisoft reiterated its forecast earnings target of €1.04 billion ($1.43 billion) to €1.08 billion ($1.45 billion) in revenues, with an overall operating profit between €40 million ($55 million) and €60 million ($83 million). The publisher's holiday quarter lineup includes a number of notable releases, including Assassin's Creed: Revelations, Just Dance 3, Rayman Origins, The Black Eyed Peas Experience, and I Am Alive.
For more on Driver: San Francisco, check out GameSpot's review.
Im not surprise really, im playing it and i have to say that is a gorgeous Car Driver Simulator, and a very Optimized game anyway this really deserve to still making Driv3r Games .
How the hell has Ubisoft lost money with all the really bad Dance Games they rush out? There are 4 near identical Dance Games in these 2 months alone! And Don't say it's sales, Just Dance 2 was the best selling game on wii (to my annoyance...)
@genaciv I get your point and do value your argument, also checked out the full history of the company, but I still think ubisoft is a replaceable commercial giant (not the only one), and those acquired and established developer studios can stand on there own if they are making substantial products.
@Rankor_Mugnam Actually, Ubisoft has the largest internal development force out there, with something like 24 studios (most of them created by Ubisoft, not just buyouts), and 6000-7000 developers. What you said is akin to saying that Nintendo could die off and someone else would "publish" their games, since Nintendo is a publisher and as such, doesn't make their own games... :)
"Ubisoft posted better-than-expected financial results" but "still posted a net loss for the first half of its fiscal year". Huh, there is just no pleasing the financial market with its fiscal year fanatics. You have do better than last year every year or people will end sentences about you with "but...". I dislike this mentality, not that it's directed at Ubisoft (with their Down Right Maddening DRM schemes).
the graphic looks good cant wait to play this game for real drivers lets get this demo or full version on the road firstname.lastname@example.org
Good to see it sold well, it's a good game. Now if they could just follow through with the patching and fix up online session finding it will be almost perfect.
I thought Driver was a let down that's the reason i didn't picked it up although I liked the Demo, I heard there were some console freezing and save deleting issues too. + To whomever I asked, How's driver they said it's Ok PASSABLE nothing spectacular and boring at times. + How the hell this game got soled I never found anyone play it on my friend's list, My brothers or my real life friends, I guess we all have been living under the radar or someone's lying :p :lol:
I actually played Driver SF demo in ps. i din actually like this game.first of all totally confusing,din't understand the gameplay and second of all i couldn get the concept of the game.on one part their race with two cars and on the second part ther was these huge bunch of cops chasin and lastly have to make a mob crash a police and gain bounty.wat was it all bout, seriously?
Though some says Driver San Francisco isn't going to last, they were wrong. Sometimes we need the classics in this modern age.... (by that I mean classic gameplay)
Rayman and Assassin's Creed are definite pick ups for me. I Am Alive looks cool too but the fact that it's downloadable only spoils my interest in it.
@Ronnie_Rim Calling DRM "draconian" is the cool thing to do. That makes you cool. When was the last time you used that adjective in another context?
out of all the car games that i have played. i think that this one will blow peoples minds. because of the graphics and the many cars that you can drive. it's just basicly like another G.T.A but with out getting out of the drivers seat cause you are basicly just driving around town the whole time. i think thats pretty cool.
There are no ubisoft games, because they are a publisher... If they go down there will be another publisher who will take up those studios who actually make the games and buy those franchises, and give you the same, just maybe without those pain in the arse DRMs.
games for windows live,oregin or what ever EA calls that crap and ubisoft new crapy software all those 3 should bite the dust.
Ubisoft has become the new Activision (mainly due to Draconian DRM). I am glad for their sales loss.
The last Driver is the reason I stopped believing in game hype, it was a pile of garbage. I rented this one and guess what, yep another smoldering heap.
these articles always make me laugh.. They try to paint a bad picture on a publisher but they also put on there that they only made 50 million dollar profit for this year compared to last years profit of 1$$.. Makes me wonder what happens when they dont make a profit and see that red line creep up on them..
I'm glad to hear that Driver sold well. They really tried a new direction this time around and it seems to have caught on.
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