Ubisoft Q1 2010-11 financials: Sales up 94% at €161 million

News by Stephany Nunneley-Jackson News Editor

Published on July 22, 2010

Ubisoft has released its financial report for the first quarter 2010-11, ending June 30.

Sales for the company's first quarter came in at €161 million.

Q1 sales up 94 percent

Sales for the first quarter totaled €161 million, which is up 94 percent compared to €83M for Q1 2009-10, and exceed the company's guidance of approximately €145M.

The better than projected sales was attributed to Splinter Cell Conviction selling 1.9M units, good performance by back-catalog and casual titles, sustained sales of Just Dance, as well as Assassin’s Creed 2 and Avatar, along with a "favorable exchange rate".

Broken down, 39 percent of Q1 sales came from Europe, 52 percent for the US, and 9 percent from the rest of the globe.

Titles on Xbox 360 brought in the highest units sales for the company with 45 percent, followed by Wii with 20 percent, 17 percent for PS3, PC with 7 percent, DS with 6 percent, and PSP garnering 5 percent of titles sales.

Q2 outlook to be in line with Q2 09/10

For the second quarter of 2010-11, Ubisoft expects sales to come in at around €83 million, in-line with the second quarter of 2009-10. The projections are due to Q2 releases of H.A.W.X. 2 , R.U.S.E., and Racquet Sports for PlayStation Move.

Full-year 2010-11

Ubisoft has confirmed its previous forecast for the full year 2010-11, with an expected return to profitable growth.

In the first six months of calendar 2010, Ubisoft was the number 4 independent publisher in the US , number 2 in Europe as well as number 2 in France, Germany, and the UK independently.

Release schedule for Q2 (July – September 2010)

The following titles have already been released for Q2, or are expected to be released before the end of September: