Ubisoft reports record bookings despite light Q1 release slate

first_imgUbisoft reports record bookings despite light Q1 release slateAssassin’s Creed, Just Dance, Rainbow Six Siege performing well in pandemic; Ubisoft Forward had more concurrent viewers than any of publisher’s E3 briefingsBrendan SinclairManaging EditorWednesday 22nd July 2020Share this article Recommend Tweet ShareCompanies in this articleUbisoftUbisoft is under fire after a succession of horror stories about high-ranking executives, but the publisher’s underlying business is still performing well.The company today reported its first fiscal quarter results, posting sales up 17.6% to €427.3 million ($494.7 million) for the three months ended June 30. On top of that, Ubisoft reported record net bookings for the quarter of €410 million ($474.7 million), up 30% year-over-year.With a slim new release schedule consisting of Monopoly on Stadia and new seasons of For Honor and Rainbow Six Siege, back catalog offerings accounted for 97.1% of the company’s bookings during the quarter. 86.7% of purchases made during the quarter came digitally, which was actually down from the 93.1% digital share of bookings for last year’s first quarter.As for specific products, the company said Rainbow Six Siege saw a jump in engagement with net bookings up 30% year-over-year, while the Assassin’s Creed franchise was collectively up 60% year-over-year.Just Dance was similarly resurgent, producing six times the bookings managed by the franchise in the year-ago quarter.Ubisoft CFO Frédérick Duguet said the Assassin’s Creed momentum was driven by the reveal of Assassin’s Creed Valhalla.Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games He added that Ubisoft Forward — the E3 replacement event in which Valhalla was featured — set a peak concurrent viewership record for the publisher, “surpassing our previous E3 conferences.”While the company handily beat its forecast of €335 million ($387.9 million) in bookings, it did not upgrade its full fiscal year targets.For the current quarter, it is projecting net bookings to be down 16% year-over-year to €290 million ($335.8 million), saying last year’s second quarter benefited from early physical shipments of third quarter release Tom Clancy’s Ghost Recon Breakpoint.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Publishing & Retail newsletter and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesUbisoft posts record sales yet again, delays Skull & Bones yet againPublisher moves away from target of 3-4 premium AAA titles a year, wants to build free-to-play “to be trending toward AAA ambitions over the long term”By Brendan Sinclair 4 hours agoFirst-party Ubisoft titles will now be branded as ”Ubisoft Originals”Change was made alongside the announcement of new Tom Clancy titleBy Danielle Partis YesterdayLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.last_img read more