Rainbow Six Siege and Assassin’s Creed carry Ubisoft to $324.4M in quarterly revenues

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French video game giant Ubisoft reported earnings for its first fiscal quarter ended June 30, with revenue shrinking 10% from $359.6 million a year ago to $324.4 million.

Bookings for the quarter were down 10% from $332.3 million a year ago to $299 million in the most recent quarter. Ubisoft chief financial officer Frédérick Duguet said in a statement that the performance was slightly better than expected thanks to outperformance from Rainbow Six Siege and Assassin’s Creed, the company’s perennial brands.

For the full fiscal year ending March 31, 2023, Ubisoft expects operating income of $414 million. Ubisoft’s stock is down slightly at 41.66 euros per share, and the company’s valuation is $5.2 billion.

Duguet noted that the quarter was active with gameplay reveals of Mario Rabbids: Sparks of Hope and Skull and Bones. And he said players’ feedback for the reveal of The Division: Resurgence and for the ongoing tests of Rainbow Six Mobile, The Division Heartland and XDefiant have been supportive.

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“As our teams are intensely focused on delivering memorable experiences to players across platforms, business models and geographies, we continue to work on the richest pipeline in the company’s history,” said Yves Guillemot, Ubisoft CEO, in a statement. “We have an unprecedented opportunity to leverage the strength of our IPs to a significantly