Ubisoft: 13% increase in revenue
Normally, most people would avoid putting Friday and the number 13 in the same group, but with this bit of news we’re letting you in on, it could mean good fortune, at least in Ubisoft‘s case. Game company Ubisoft just announced their financial report for the first half of the fiscal year, and the report speaks of a 13% increase in revenue and a decrease in operating losses.
For the operating losses, Ubisoft recorded € 35.3 million in losses for the six months leading up to September 30 of this year, as compared to the € 43.7 million in losses from the year before – the loss is chalked up to falling sales and marketing, and admin costs, along with a further € 71.4 million spent on R&D.
As for profits, Ubisofts reports that revenues were up to € 172.1 million. They further add that sales for Splinter Cell: Double Agent, and Wii titles Red Steel and Rayman Raving Rabbids were exceptional, prompting additional support for Nintendo’s console.
Ubisoft CEO Yves Guillemot‘s comments on the 13% increase, “The improvement in our results for the first half of the fiscal year reflects both a very good business performance and tight control of marketing expenditures.”
Via Games Industry
Normally, most people would avoid putting Friday and the number 13 in the same group, but with this bit of news we’re letting you in on, it could mean good fortune, at least in Ubisoft‘s case. Game company Ubisoft just announced their financial report for the first half of the fiscal year, and the report speaks of a 13% increase in revenue and a decrease in operating losses.
For the operating losses, Ubisoft recorded € 35.3 million in losses for the six months leading up to September 30 of this year, as compared to the € 43.7 million in losses from the year before – the loss is chalked up to falling sales and marketing, and admin costs, along with a further € 71.4 million spent on R&D.
As for profits, Ubisofts reports that revenues were up to € 172.1 million. They further add that sales for Splinter Cell: Double Agent, and Wii titles Red Steel and Rayman Raving Rabbids were exceptional, prompting additional support for Nintendo’s console.
Ubisoft CEO Yves Guillemot‘s comments on the 13% increase, “The improvement in our results for the first half of the fiscal year reflects both a very good business performance and tight control of marketing expenditures.”
Via Games Industry
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