Ubisoft posts R937 million loss

Ubisoft has posted its financial results for the financial year 2013-2014, ended 31 March 2014.

Despite sales turnover of 1,007.1 million euros (±R14.3 billion), Ubisoft posted an operating income loss of 65.6 million euros (±R936 million).

This has also left them with a debt of 12.7 million euros (±R181 million) for the 2013-2014 financial year.

Could this have anything to do with the delay of Watch Dogs which would have originally propped up their 2013-2014 figures?

Commenting on these results, Yves Guillemot, Chief Executive Officer, stated:

“Although Ubisoft did not reach the targets announced a year ago for 2013 – 14, we did see a number of significant achievements during the period. Above all, we consistently achieved high quality across our games, notably for Assassin’s Creed 4: Black Flag – the best-rated game of the Christmas season for PS4 and Xbox One – and for South Park: The Stick of Truth, which delivered a solid sales performance for Xbox 360, PS3 and PC.”

Ubisoft said they have shifted more than 11 million units of Assassin’s Creed 4, including physical and digital copies.

Guillemot touted the success of their digital segment which accounts for 19% of total 2013-14 sales.

Looking to the 2014-2015 financial year, Ubisoft will come out swinging with Assassin’s Creed Unity, Far Cry 4, Just Dance, The Crew, and Watch Dogs.

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Ubisoft posts R937 million loss

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