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[IbizaPocholo]

Ubisoft has its strongest quarter in company history

Ubisoft has posted its financial results for the third quarter of 2020-2021, boasting its best quarter ever.

venturebeat.com

Ubisoft has posted its financial results for the third quarter of 2020-2021, boasting its best quarter ever.

The period ended on December 31. During the three months, Ubisoft released huge games, including Assassin's Creed: Valhalla, Immortals: Fenyx Rising, and Watch Dogs: Legion. The popular Just Dance franchise also debuted its latest entry.

Ubisoft reported net bookings of about $1.212 billion (€1.001 billion). That is more than double the $551 million (€455.5 million) from the same quarter last year.

All of gaming has been getting a boost thanks to the pandemic, as the sheltering masses flock to the medium for entertainment. While some companies, like Nintendo, had scaled-back offerings this holiday season, Ubisoft released a steady stream of big games.

The company also benefits from strong backlog sales. Older games like Mario + Rabbids: Kingdom Battle and the Far Cry franchise continue to sell well long after release.

For the future, Ubisoft has more big games like Far Cry 6 and an upcoming Star Wars project on the horizon. But neither of them are coming out in the next quarter, which is part of the reason Ubisoft is expecting bookings of $562 million to $634 million (€464 million to €524) million then.

Ubisoft's stock is down 2% to $19.72 a share in trading now. Ubisoft said it named Raashi Sikka as VP of global diversity & inclusion, an important move as the company tries to address allegations about sexist and abusive behavior at the company.

Ubisoft also said it had borrowed €600 million ($726 million), adding to its war chest for potential acquisitions.

 

[STARSBarry]

Its sad to see Ubisoft consistently rewarded for mediocrity by gamers. People wonder why a majority of games are shit generic open world romps, well here you are folks good job.

 

[ZywyPL]

Its sad to see Ubisoft consistently rewarded for mediocrity by gamers. People wonder why a majority of games are shit generic open world romps, well here you are folks good job.

People on the internet you mean. Because the rest, normal people simply enjoys their games, exactly for what they are. Ubi has found their audience and are serving them well, nothing wrong with it.

 

[Bonfires Down]

They were definitely set up to do well, with 3 AAA titles and little competition last fall. Good for them.

 

[Kagey K]

Between Valhalla and Immortals they deserved it.

Nothing else comes close.

Gamers have spoke, and these were the real blockbusters of this launch.

Neither game will win a game award, but this shows how disconnected they are from the average gamer.

 

[Yoshi]

Its sad to see Ubisoft consistently rewarded for mediocrity by gamers. People wonder why a majority of games are shit generic open world romps, well here you are folks good job.

Just that quarter, Ubisoft released Immortals, which is signfificantly better and fresher than their other open world game.

 

[Salmon Snake]

I bought Far Cry 3 for PS4 for two euros.
Now where's PS5 update come on??

 

[Guardian's Light]

Its sad to see Ubisoft consistently rewarded for mediocrity by gamers. People wonder why a majority of games are shit generic open world romps, well here you are folks good job.

Valhalla is a great game tho, and I keep hearing good things only about Legion and Immortals

 

[Bernd Lauert]

Talent wins.

 

[bellome]

Its sad to see Ubisoft consistently rewarded for mediocrity by gamers. People wonder why a majority of games are shit generic open world romps, well here you are folks good job.

 

[kyussman]

I enjoy their single player stuff....Assassin's Creed and Far Cry in particular are games I will always pick up.I think they get too much shit tbh when compared to other publishers,sure they have their fair share of bullshit moments but most publishers do these days.

 

[yurinka]

Its sad to see Ubisoft consistently rewarded for mediocrity by gamers. People wonder why a majority of games are shit generic open world romps, well here you are folks good job.

Open world games aren't a majority of games. Open world aren't a majority even in the Ubisoft IPs lineup for the games released or announced in the recent years. If we look at company average Metacritic, sales or revenue Ubisoft is one of the top companies in the world. You may not like their games, but this doesn't make them mediocre. It makes your taste different to a fuckton of people.

 

[Alebrije]

Well hope this means we get Beyond good and evil 2 sooner.

Bugysoft is a rare developer, they basically give the same open world pattern for differents IPs just with some twists..Breakpoint , Farcry, AC Odyssey, Division..are so similar but at the same time fun to play ...

Also they are more than those IPs, and have gems like Child of light, Mario and Rabbits, the Zelda clone...etc.

Good to see they are doing well.

 

[kruis]

It would be interesting to compare the sales of AC:Valhalla, Immortals: Fenyx Rising and WD:Legion.

My guess is that AC:V was a huge seller, I:FR a modest success and WD:L an embarrassing sales failure. Am I wrong?

 

[namekuseijin]

Ubisoft reported net bookings of about $1.212 billion

could've easily be $1.212 billion and a dozen thousands if Watchdogs had VR mode