Ubisoft reported a very solid performance for the third quarter of the fiscal year.
Ubisoft’s third-quarter 2017-2018 report is out, and the company posted very strong numbers for the period. In total, the company brought in €725.0 million (about $891 million USD) in sales, up 36.8% year-on-year. The company’s performance was so strong that they managed to shoot past their revised target of €700.0 million and the original target, €630.0 million.
The strong performance was fueled by Assassin’s Creed Origins and Tom Clancy’s Ghost Recon Wildlands. Origins was the third best-selling game in the EMEA countries in 2017. Wildlands, meanwhile, was the seventh best-selling game in the EMEA countries and tenth in North America. Tom Clancy games in general were very successful with over 60 million unique players across all games.
Ubisoft’s early faith in the Nintendo Switch has paid off. The company is the platform’s leading third-party publisher. Critical hit Mario + Rabbids: Kingdom Battle is currently the best-selling third-party title on the platform.
“Our very strong third-quarter performance highlights two areas in which we have made major strides,” said Yves Guillemot, Co-Founder and Chief Executive Officer. “First, our games’ live operations are making steady progress. This has fueled momentum for digital and back catalogue, which both hit record highs this quarter. Second, the increasingly recurring profile of our business has had a very positive impact on our new releases. By taking additional time to develop our games, we have been able to deliver three top-quality titles since August, including the grand return of Assassin’s Creed.”
“These successes demonstrate that our differentiating strategy of combining long-term investment in our talented teams and our multi-studios collaboration model is paying off. This strategy enables us to deliver high-quality blockbusters while keeping our communities engaged through regular major updates. As a result, Ubisoft is perfectly positioned to reach its targets for fiscal 2017-18 and 2018-19.”
Ubisoft looks to finish off the fiscal year strong with the release of Far Cry 5 on PS4, Xbox One, and PC, and Assassin’s Creed Rogue Remastered on PS4 and Xbox One. In addition to these titles, a slew of DLC is scheduled to release for Assassin’s Creed Origins, South Park: The Fractured But Whole, Rainbox Six Siege, and For Honor.