Ubisoft's H1 sees a 14% revenue bump
Ubisoft released its first-half earnings report today, posting revenue growth, which the firm attributed to its latest releases and back catalog performances. Here's what you need to know for the company's six months ended September 30.
Ubisoft's revenue growth was attributed in part to the September launch of racing sim The Crew Motorfest and pre-shipments for the early October launch of Assassin's Creed Mirage.
The firm highlighted series record unit sales for the racer, while it said that Mirage has had a solid launch with user numbers in line with Assassin's Creed Origins and Assassin's Creed Odyssey.
It also acknowledged the Q2 performance of its back catalog of titles. Rainbow Six Siege, for example, grew its net bookings by approximately 50% during the six months.
In its first-quarter earnings report, Ubisoft provided an outlook for Q2 net bookings of about €350 million, but it wound up reporting net bookings of €547 million for the quarter, up 32.5% year-over-year.
Ubisoft CEO Yves Guillemot said, "Ubisoft delivered an excellent second quarter, well above our expectations. Activity was mostly driven by the performance of our back-catalog, thanks in particular to the remarkable growth of Rainbow Six Siege, in an overall competitive environment for first-person shooter games."
The executive also acknowledged the approval of Microsoft's acquisition of Activision Blizzard and Ubisoft's role. Back in August, it acquired the cloud gaming rights for all Activision Blizzard games to address the CMA's concerns about Microsoft's dominance in cloud gaming.
He said, "October saw the finalization of a major agreement with Activision Blizzard, which will grant Ubisoft the perpetual streaming rights for Call of Duty and
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