The press release also includes the updated financial targets for both 19-20 and 20-21. Ubisoft projections for the current fiscal year have been cut from € 2,185 million of net bookings and €480 million of non-IFRS operating income to €1,450 million of net bookings and €20-50 million of non-IFRS operating income. That's due, as said before, to decreased revenue from Ghost Recon Breakpoint but also from The Division 2, though to a lesser extent.
On the upside, Ubisoft financial targets for fiscal year 20-21 have been revised upward to €2,600 million of net bookings and €600 million of non-IFRS operating income, thanks to the scheduled release of five AAA games (including the next Assassin's Creed, in all likelihood).
Ubisoft (EPA:UBI) seems to have hit a bit of a snag with the most recent releases, after a period of growth. Today's press release, shared just ahead of the full quarterly financial report, contains a lengthy statement from CEO and Co-Founder Yves Guillemot, who acknowledges the disappointing launch of Tom Clancy's Ghost Recon: Breakpoint.
Ubisoft Acknowledges Disappointing Ghost Recon: Breakpoint, Delays Rainbow Six: Quarantine, Watch_Dogs Legion and Gods & Monsters
Ubisoft acknowledged the disappointing Ghost Recon Breakpoint. The company has delayed RS: Quarantine, Watch_Dogs Legion and Gods & Monsters.
wccftech.com
The Division 2 Sales Disappoint Ubisoft, Considered a Commercial Failure
The Division 2 sales have been a disappointment, and the game is considered a commercial failure confirms Ubisoft.
mp1st.com
I'm actually in the camp that partially thinks this is good, also to note they are upping some of their 2020-2021 guidance on the upside.... so not all bad news.
Postponing some games, see below.
In this overall context, we have decided to postpone the releases of Gods & Monsters, Rainbow Six Quarantine and Watch_Dogs Legion until 2020-21.
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