Ubisoft reports 27% increase in Q1 earnings thanks to Ghost Recon: Future Soldier

Thursday, 19 July 2012 19:42 GMT By Stephany Nunneley

Ubisoft has reported a 27% increase in earnings for Q1 of its current fiscal year 2012-2013 ending June 30. The increase was attributed to sales of Ghost Recon: Future Soldier.

Total Q1 revenues for the firm came in at €131 million ($160.6 million) compared with €103 million ($126.3 million) during the same period last year.

Sales for Ubisoft’s online segment came in at €27 million ($33.1 million), which is a whopping 112% increase year-over-year, despite a 41% decline in back-catalog sales.

CEO Yves Guillemot said in the prepared statement the firm’s future goal will be to focus on “the arrival of the new generation of consoles and the ramp-up of the free-to-play” segment.

The firm also announced its online community Uplay has 35 million registered users.

During Q2, Ubisoft plans to launch
the open beta
of Tom Clancy’s Ghost Recon Online.