Ubisoft posts $74M net losses, cancels games
Ubisoft has detailed its results for the fiscal year ending in March 31, 2011. The period showed a $74 million loss, a 19% increase in sales, and the cancellation of unspecified games.
Ubisoft has published its financial results for the fiscal year ending March 31, 2011. The company reported a net loss of 52.1 million euros (approximately $74 million) for the period, despite a 19% increase in sales to 1.039 billion euros ($1.47 billion).
The company credited the sales uptick to the continued success of the Just Dance games, hopping on-board the Kinect and 3DS launches, and Assassin's Creed Brotherhood. It seems like Ezio is a pretty safe sales bet, which might explain Assassin's Creed Revelations.
For next year, the company is expecting to "post further growth in both sales and current operating income." That apparently means trimming some fat from its game line-up, though, as the company has terminated some unspecified projects. We may not know which games received the dreaded axe for some time, but the long-dormant I Am Alive and Beyond Good & Evil 2 seem like prime suspects.
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replySteve Watts posted a new article, Ubisoft posts $74M net losses, cancels games.
Ubisoft has detailed its results for the fiscal year ending in March 31, 2011. The period showed a $74 million loss, a 19% increase in sales, and the cancellation of unspecified games.-
Not really surprised considering what all they showed at the last E3. With the exception of Assassins Creed: Brotherhood and Splinter Cell they had a whole lot of nothing and some weird laser tag thing.
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Dammit, no. I have been waiting to long for BG&E 2
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Desmond is Sara Fisher, grandson of Sam Fisher.
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That would make too much sense. They can lay off a ton of developers instead like every other shitty big publisher.
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Did they say what they attributed the net loss to when sales increased?
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yes, 95.9 million euro non-recurring reorganization charges. http://www.ubisoftgroup.com/gallery_files/site/270/1042/2418.pdf
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What is a non-recurring reorganization charge?
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A one-time-only reorganization charge. Like desks and nameplates.
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When Chaos Theory hit shelves, I thought the future belonged to Ubisoft but they seem to have lost that mojo and now there is nothing in this publisher's lineup that interests me (sorry AC fans). Their release schedule seems to be shifting to more casual games, handheld games, and Kinect games anyway.
R6 Vegas was the last Clancy game I liked. I hated Conviction's gameplay changes to the Splinter Cell series and Future Soldier looks to do the same to Ghost Recon. After filler like End War and HAWX, the entire Clancy line has lost most of its appeal. I think the next R6 game is the only Ubisoft product I would pay any attention to at this point.-
Yeah, I totally agree.
Ubisoft seems to be really bipolar in their decisions and releases.
Like...sometimes their shit is amazingly innovative and awesome. Sometimes, they make terrible decisions that negatively impact the customer.
It seems like they've been kind of muddling their way through to a sort of semi-success thus far. -
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Yeah, seeing their company intro was uplifting when I launched Chaos Theory and some other games.
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Dang, starting a movie studio is expensive.
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I'm glad. Shaft gamers more ubi.. Your games suck
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Hey ubisoft, that's what you get for charging 60 bucks for the shitty pc ports of your medicore games, greedy fuckers.
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