Ubisoft's Third Quarter Results: Watch_Dogs 2 Launch Was Disappointing And South Park Gets Delayed Again

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Ubisoft's Third Quarter sales call was today and the overall results are generally positive. The sales earnings totaled €5.29.9 million for the third-quarter and €811.3 million for the first nine months of fiscal year 2016 overall.

Ubisoft cited a strong increase in player engagement levels with 15 million registered players on Tom Clancy's Rainbow Six® Siege, alongside record back-catalog sales, digital sales, and slightly higher-than-expected performance from Steep™ for their current sales numbers. However they did suffer a 5.7% loss overall.

The negatives of Ubisoft's report were simple. The launch for Watch_Dogs® 2 was "not as dynamic as expected, but momentum now positive." Meaning that it didn't sell nearly as well as they had hoped at launch but is currently doing better. A hedged way of saying that is probably still in the red. And South Park™: The Fractured But Whole™ is now slated for a release in fiscal year 2017-2018. So, any time from April 1, 2017 to March 31, 2018.

Included in the press release is a statement from Yves Guillemot, Co-Founder and CEO of Ubisoft, saying "we are successfully pursuing our transformation into a more recurring and more profitable profile. The positive effects of this transformation are remarkable."

Ubisoft's end-of-year projections are lower than previously targeted, coming down to between €1,455 million and €1,495 million as opposed to the previous target of between €1,610 million and €1,670 million. This change is to take into account the results of their third quarter sales and the delay in South Park: the Fractured But Whole's release. Their fourth quarter sales are still expected to total between €644.0 million and €684.0 million which is still up from 2015's sales of €624.9 million. So overall generally positive growth for Ubisoft, but there were some setbacks to the third quarter that will affect the fourth.

The expected sales in the forth quarter are based on the following releases:

  • For Honor
  • Tom Clancy's Ghost Recon® Wildlands
  • Just Dance® 2017 for Nintendo Switch
  • Steep Alaska expansion
  • Tom Clancy's Rainbow Six Siege Operation Velvet Shell expansion
  • Tom Clancy's The Division Last Stand expansion
  • T-Bone, Human Conditions, and No Compromise DLCs to Watch_Dogs 2.

You can read the report here, or check out our coverage of Disney, Take-Two Interactive, Square Enix, and Sega's recent earnings reports.

About Madeline Ricchiuto

Madeline Ricchiuto is a gamer, comics enthusiast, bad horror movie connoisseur, writer and generally sarcastic human. She also really likes cats and is now Head Games Writer at Bleeding Cool.

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