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.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.