Posted in: Games, Games Finance, Video Games | Tagged: for honor, ghost recon: Wildlands, Q4 2016, Q4 results, ubisoft, Ubisoft Year End

Ubisoft Continues To Perform Well Financially, And Still Suck At Humblebragging

Ubisoft made their quarterly earnings call yesterday which wrapped up the end of their financial year for 2016-2017, and it showed a continued strong performance, as well as some hilarious attempts at humble bragging. Included in the press release were the claims that Ghost Recon: Wildlands was the industry's best-selling title since the beginning of the year, and For Honor was the industry's second best-selling game. Yeah, the two highest-grossing games of 2017 so far have been two of Ubisoft's games… says Ubisoft. Forgive me if I question the veracity of this one. Sure, both games have sold well, but I'm not quite sure I buy that they are industry-wide leaders for the year to date. Maybe by the end of March, but even still, I'm not sure I buy that.

Their hard financials are harder to argue with though. Ubisoft's total annual sales came in at €1,459.9 million, which was up 4.7% from last year, and was well in line with the target range of between €1,455.0 million and €1,495.0 million that they indicated during their Q3 results back in February.

In the press release sent out after the end of the earnings call, Ubisoft included a statement by Co-Founder and CEO, Yves Guillemot, who gloated, "The execution of our strategic plan fully paid off in 2016-17, with further very strong growth for the digital segment – which now accounts for 50% of total sales – and an ever-more recurring profile. With 44 million unique registered players, the size of the Tom Clancy community has increased by almost 150% in less than 18 months. This impressive performance for a brand created almost 20 years ago clearly illustrates the strong popularity of Ghost Recon Wildlands, Rainbow Six Siege and The Division. Our Live titles continue to beat records for player engagement and have seen a sharp rise in player recurring investment. Our results for 2016-17 demonstrate the success of our new model, with record high operating income and outperforming the target announced a year ago, and operating margin up for the third consecutive year."

The company also expects first-quarter 2017-18 sales to amount to approximately €170.0 million, up 22.0% on first-quarter 2016-17. With five massive titles slated to hit in their 2017 fiscal year (which ends March 31st of 2018), we expect those numbers won't be completely out of order, but that's a pretty steep climb over last year.

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