Ubisoft Reports Increased Revenue; The Division 2 Launch Confirmed
So far, it’s been a good year for the video games industry with most video game companies reporting high revenues for fiscal year 2018. French publisher Ubisoft Entertainment also posted strong financial results with a 19% increase in revenue at $2.04 billion, and a net income increase of 29% at $164.7 million according to GamesIndustry.biz.
Ubisoft’s increased revenue is largely due to Far Cry 5 which launched just a few days before the end of the fiscal year and earning the company $310 million in just the first week. “During the fourth quarter, we reached a record of peak concurrent users thanks to record engagement levels and esports viewership for Rainbow Six Siege, the successful launch of Far Cry 5 - the second biggest launch in Ubisoft's history - and continued strong performance by Assassin's Creed Origins, Mario + Rabbids: Kingdom Battle and our back-catalog titles,” says Ubisoft CEO Yves Guillemot. “As a result, we have outperformed our financial targets, with record-high sales, digital and back-catalog revenues, and profitability.”
The French publisher is looking forward to another strong fiscal year with The Crew 2, The Division 2, and another unannounced franchise game expected to launch before the current fiscal year ends. Unfortunately, Ubisoft’s pirate-themed game Skull & Bones has been pushed back to April 2019 “to offer players an even more engaging experience.”
Check out the latest The Crew 2 trailer after the break.