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Ubisoft Beats Guidance in Q2

Joe Keiser's picture

By Joe Keiser

October 23, 2008

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Ubisoft has announced its financial results for the second quarter, revealing that it has beaten its previously announced guidance of €160 million. Instead, Ubisoft earned sales of €175 million for the period ending September 30th. This represents a 37.3% in sales over the same quarter the previous year.

In a statement, Ubisoft cited the successful launches of SoulCalibur IV and Brothers in Arms: Hell’s Highway as primary reasons for the increased sales; while Namco Bandai published SoulCalibur IV in the US, Ubisoft published the game in Europe. Also referenced as strong earners for the company were Imagine: Teacher, My Secret World by Imagine, and Sports Party for the Wii.

Ubisoft also announced it’s earnings for the first half of it fiscal 2008-09, recording sales of €344 million. This was up 31.5% over the same 2007-08 period.

CEO Yves Guillemot said of the results, "Ubisoft delivered a robust performance in the second fiscal quarter against an uncertain environment. We are carefully and regularly monitoring changes in the economic context in order to factor them into our market forecasts and financial targets.” Guillemot went on to state that despite increasingly hostile economic conditions, “the video game industry will be able to continue its dynamic growth in 2008 and 2009, buoyed by the increase in the installed base for consoles coupled with the steady influx of new consumers.”

The publisher also updated its guidance, increasing the full year outlook for the company from €1,020m to €1,050m despite delays of Anno and an unannounced title into fiscal 2009-10. Ubisoft also announced Q3 guidance of €500m, with sales for the period being led by Prince of Persia, Far Cry 2, and Shaun White Snowboarding.