Ubisoft Profits $47.7 Million due to Increased Digital Sales - News
by William D'Angelo , posted on 15 May 2012 / 6,307 Views
Ubisoft has released today its financial report for the fiscal year ending March 31, 2012. Revenue increased by 2.1 percent to $1.36 billion, with profits of $47.7 million. This is due to a 110 percent increase in online sales which reached $102.74 million. However, sales in its fourth quarter decreased 9.6 percent to $206.77 million.
$742.31 million of its revenue was from the sales of core games, including Assassin's Creed: Revelation, The Settlers Online, Rayman: Origins, and Driver: San Francisco. $620.30 of its revenue was generated from the sale of casual games. This includes titles such as Just Dance, Howrse, and Rocksmith.
"Ubisoft achieved a 90% surge in current operating income in fiscal 2011-12, in the upper range of the targets announced a year ago," said Ubisoft CEO Yves Guillemot. "This achievement was notably spurred by strong growth in online/digital revenue. We ended the year in a solid financial position - all the while having continued to invest in the future - primarily thanks to better-than-expected cash flows."
Guillemot continued, "Lastly, thanks to our focus on ramping up our teams' online expertise, combined with the know-how brought in by our recent acquisitions and with the recruitment of specialized talent, we are now in a position to fully seize the numerous current and future opportunities of the video game industry."
