LogInBut its net bookings exceed expectations.
Ubisoft has published a financial report for the first quarter of fiscal 2023-24 which ended on June 30.
The company secured net bookings of €267.7 million (about $298 million), surpassing its target of €240.0 million ($267 million). However, it's still 8.7% lower than the previous year's results. Moreover, Ubisoft's sales dropped 9% year-to-year, to €289 million ($321.6 million).
"This quarter, we delivered a better-than-expected performance and we continued to progress on our two-pillar strategy of reaching a significantly larger audience and growing our recurring revenues," said Yves Guillemot, Co-Founder and Chief Executive Officer.
He also mentioned Ubisoft Forward, its showcase event, saying it received "increased engagement and positive sentiment from players" and attracted 64% higher maximum concurrent live views than the previous show did, while its organic views surpassed 24 million.
The report also touched on various Ubisoft games. Tom Clancy’s Rainbow Six Siege's net bookings and DAUs grew double-digit year-on-year, according to it, "driven by strong activity throughout the quarter on the back of its new Year 8 Season 2 and seasonal events."
Additionally, The Crew 2 reached "near-record" MAUs in June, and we might see more impressive numbers in the next report, after closed beta tests for The Crew Motorfest (July 21-23), Skull and Bones (August 25), and Assassin’s Creed Codename Jade (August 3-11).
Ubisoft is excited about Assassin’s Creed Codename Jade, an open-world mobile action-adventure/RPG game that will be published by Level Infinite, a Tencent subsidiary.
"This publishing agreement greatly enhances Ubisoft’s medium-term mobile footprint while delivering significant financial value to the benefit of its shareholders. It is another positive step in the long-term strategic relationship between Tencent and Ubisoft."
Find the report here to learn more and don't forget to join our 80 Level Talent platform and our Telegram channel, follow us on Threads, Instagram, Twitter, and LinkedIn, where we share breakdowns, the latest news, awesome artworks, and more.
Keep reading
You may find these articles interesting