Ubisoft released its first-quarter financial report on Friday, with net bookings falling 13.7 percent year-over-year (YoY) to $305 million, largely driven by the success of mobile title Invincible: Guarding the Globe. Digital net bookings also shrank nearly 18 percent YoY to $234 million, while back-catalog bookings fell 15 percent YoY to $251 million, which Ubisoft says is representative of Assassin’s Creed Shadows‘ year-ago quarter bookings. The company says that, although net bookings tumbled, the result remains “slightly above guidance.”
According to Ubisoft’s report, regular new content launches supported Live Service titles. Tom Clancy’s Rainbow Six Siege performed “in line with expectations,” with the launch of Siege X positively influencing daily active users, or DAUs. The Division 2‘s newest season led to “improved year-on-year monetisation trends driven by virtual currency conversion and DARPU records.”
The Crew Motorfest‘s NASCAR update this past March 9, as well as its inclusion in the PS+ subscription service, fueled “robust year-on-year growth in active users and session days.”
Ubisoft CEO Yves Guillemot addresses new company financials
Yves Guillemot, Ubisoft co-founder and CEO, addressed the report in a new press release. “We delivered first-quarter net bookings slightly above guidance. This performance was led by a record contribution from Invincible: Guarding the Globe while the rest of our portfolio, including Rainbow Six Siege, performed in line with our expectations.”
Guillemot also touched on the company’s objectives going forward. “FY2026-27 remains a year of disciplined execution as we continue to implement our transformation, invest behind our strongest opportunities and prepare for a significantly stronger content cycle.
“We are confident this new operating model will strengthen our position as a leading creator of high-quality, memorable and engaging entertainment experiences, and enable the Group to return to a stronger trajectory of performance, cash generation and long-term value creation.”
Ubisoft: ‘Assassin’s Creed’ remake spells strong start to second fiscal quarter
Assassin’s Creed: Black Flag Resynced, a remake of Ubisoft’s 2013 pirate title, Assassin’s Creed IV: Black Flag, leads Ubisoft’s most recent wave of success. The company’s second quarter kicked off with Resynced‘s launch, and with 3.5 million copies sold in just two weeks, it’s no surprise the project “exceeded annual expectations.”
“The strong launch of Assassin’s Creed Black Flag Resynced in early July by Vantage Studios is an encouraging proof point,” said Guillemot. “This launch illustrates the enduring appeal of the Assassin’s Creed brand, as well as the early benefits of our ongoing transformation and commitment to delivering very high-quality experiences.”
Ubisoft’s report only briefly addresses recent layoffs and studio closures, maintaining that these “rightsizing” strategies contribute to larger, company-wide changes. “We also continued to execute our transformation. This included further targeted rightsizing actions and the ongoing reconcentration of resources towards our highest-potential opportunities.”
Last month, Ubisoft shuttered its Winnipeg and Belgrade studios and put Barcelona on the chopping block, the latter leading to three-day employee demonstrations.
Follow Outrun Gaming on MSN for more content you love.
RELATED →
