Ubisoft reports R861-million loss

Ubisoft characters

Ubisoft has released its sales and earnings figures for the six months ended 30 September 2013, the first half of their 2014 financial year.

The main takeaway was a reported net loss of €62.1 million (±R861-million). This is compared to a net-loss of €32.3 million in the previous corresponding H1 2012-13 period.

Contributing to the loss was a €138.9 million research and development bill, likely due to many upcoming big-hitters such as Watch Dogs, The Crew, and Tom Clancy’s: The Division. €161.3 million was spent on marketing and admin.

For the full-year 2013-14 results, Ubisoft expects sales of between €995 million and €1,045 million and a non-IFRS (International Financial Reporting Standard) operating loss of between €70 million and €40 million.

Yves Guillemot, Ubisoft Chief Executive Officer, said:

“The PS4 and Xbox One will be released in a few days’ time and will be a new driving force for the industry. We are confident in our capacity to rise to the short-term challenges posed by the transition phase, thanks to the very high quality of our games, which, combined with the upcoming arrival of the next-generation consoles and the traditional ramp-up of sales during the Christmas season will trigger positive momentum towards the end of the year.”

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Ubisoft reports R861-million loss

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