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Ubisoft Q1 2019-20 Results – Expectations Beat, Driven by the PC


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Ubisoft Q1 2019-20 Results – Expectations Beat, Driven by the PC
 

 
Ubisoft (EPA:UBI) are a company that is going from strength to strength. To a point, they are performing to a higher extent that even they believed they would. At the end of the last financial year*I covered*how the first quarter was expected to be down year-on-year (YoY), primarily due to a lack of new releases. As seen in*Ubisoft’s first quarter results, this has been the case but the company has still surpassed expectations.

Sales across the first quarter, April to June, hit €363.4 million. This is a YoY fall of 9.2%. Net bookings came in at €314.2m, a YoY fall of 17.6% but the key element is that it surpassed Ubisoft’s own expectations of around €270m for the quarter.


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Ubisoft CEO and co-founder, Yves Guillemot, had this to say regarding the results:

Our first-quarter net bookings came in well above target, thanks to the very robust performance of our games ‒ notably Rainbow Six Siege and a*sassin’s Creed Odyssey ‒ and a very strong increase in player recurring investment for PCs and consoles, led by record-high engagement levels per player.

One area of note is the division of sales for Ubisoft, particularly the increased share for PC. In the investors call, this was confirmed by Yves Guillemot as being partly due to the release of Anno 1800, a PC exclusive title. It was also stated that the game is performing well on the Epic Games Store, although no concrete figures were given.

visit this link https://wccftech.com/ubis .. 19-20-results/
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