Ubisoft Reports Record Q2 Results
Today Ubisoft reported financial results for the first fiscal quarter that ended on June 30, 2008. Ubisoft’s first quarter sales were up 25.8 percent, compared with the €134 million ($209.32 million) recorded for the same period of a year ago.
The company attributed first quarter profits to Tom Clancy’s Rainbow Six Vegas 2, Assassin’s Creed and Rayman Raving Rabbids 2. The Games For Everyone brands including the Petz, Imagine and My Coach series also played a big part, representing 33 percent of sales versus 11 percent in the first quarter of 2007-08. Titles launched in the first quarter of 2008-09, included Assassin’s Creed and Tom Clancy’s Rainbow Six Vegas 2 for PC, Haze, and My Weight Loss Coach which got off to a promising start, according to Ubisoft.
Ubisoft is raising its guidance for full-year 2008-09 sales to approximately €1.02 billion ($1.59 billion) from the previously-announced €1 billion ($1.56 billion) as a result of several factors including favorable market conditions for the video games industry, Ubisoft’s solid first-quarter sales performance (particularly by the Games For Everyone range), and the positive reception given to the games presented at E3. The Group is maintaining its target for current income before stock options to represent at least 12 percent of sales.
