Ubisoft Sales Boost Can’t Stop Overall Losses

Ubisoft Sales Boost Can't Stop Overall Losses

Assassin’s Creed publisher sees increased net losses in first half financials, though online sales increase 100 per cent.

France-based publisher and developer Ubisoft released a report yesterday for the first half of the financial year, ending September 30.

The company achieved sales of €260 million (£220 million) – a 57 per cent increase in sales compared to the same period last year.

Overall Ubisoft reported a net loss of €89.8 million (£76.1 million), an increase from €52 million (£44.1 million) last year.

Online sales were up 100 per cent, to €16 million (£13.6 million), with the success of Scott Pilgrim on XBLA and PSN highlighted for its strong performance.

In a follow-up presentation, the company projected growth in the online market of 25-30 per cent for 2010, along with the doubling of digital sales year-on-year for at least the next two years.