Ubisoft’s Annual Revenues Are Down Despite Significant Increase In Q4 Sales

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Ubisoft has released its financial report for the full year of 2021-2022 which shows a big dip in revenue compared to the previous fiscal year. The past year’s total sales amounted to €2.13 billion (roughly $2.2 million), a 4.4% drop from last year’s €2.2 million ($2.28 million), although it’s fourth quarter earnings were significantly better year-over-year at €708 million ($735 million), up 41.1% from Q4 2020-2021’s €501.8 milliion ($521 million).

The French publisher’s biggest revenue generators for the entire year include the Assassin’s Creed franchise, particularly Assassin’s Creed Valhalla, the Far Cry series, and Tom Clancy’s Rainbow Six Siege and Rainbow Six Extraction. Back-catalog purchases also saw an 11.1% increase which made up over 50% of the company’s total sales for the fourth consecutive year.

Also worth noting is Ubisoft’s long-delayed Skull and Bones pirate MMORPG and the Avatar: Frontiers of Pandora open-world action adventure game, both of which are tagged as premium inbound titles that are expected to generate significant revenue growth. Both games are expected launch by the end of March 2023 barring any further delays.

Conspicuously absent from the financial report is any mention of, Quartz, Ubisoft’s failed attempt at NFTs, or anything remotely related to cryptocurrency and blockchain. MMO Fallout notes that this may be due to embarrassment more than a sign that the company has given up on integrating blockchain technology into their games. It might also have to do with the recent collapse of multiple cryptocurrency and NFT platforms which might put off shareholders on any of their future blockchain plans.

Meanwhile, the company is currently in the midst of a sexual harassment scandal and is rumored to be up for sale, which they’re apparently on board with while also maintaining that they have the means to remain independent.

You’ll find the full Ubisoft 2021-2022 financial report here.