Ubisoft just announced its financial results for the first nine months of the fiscal year 2022-23, related to the period between April and December 2022.
During the third quarter of the year, the company reported €726.9 million in net booking, which it defines as in line with the previously revised target following the announcement of delays, cancellations, and underperformance of some of its games.
Net bookings for the first nine months of the fiscal year were €1,426.3 million, down 2.6% year-on-year. Digital net bookings were up 11.2% year-on-year, while back-catalog net bookings (related to games released in previous fiscal years) were down 19.4% year-on-year.
As usual, we get a statement from the company's CEO Yves Guillemot.
“We are committed to boosting our efficiency and execution through a more agile organization adapted to new market conditions, with a strong focus on initiatives to enhance predictability across our productions and through our cost-reduction efforts. As we are focused on building on our strengths, we are prioritizing our efforts on big brands and long-lasting Live games. While the macro environment impacted the video game market and our Q3 results, our established franchises and Live games have performed solidly. In an intensely competitive environment for shooter games, Rainbow Six Siege has performed remarkably well. This momentum, seven years after the game’s release, is promising as we look to launch Rainbow Six Mobile next fiscal year. The Assassin’s Creed franchise reached new player engagement records over the past quarter, and we are excited to bring Assassin’s Creed Mirage to players in 2023-24. Similarly, we are looking to bring The Division to a larger, global audience, with the release on mobile of The Division Resurgence, also next fiscal year.”
We also hear from CFO Frédérick Duguet, who expresses high expectations for games coming in the next fiscal year.
“Fueling our expectations for strong revenue growth, next fiscal year will see the release of a meaningful line-up, including new titles within the Assassin’s Creed, Avatar, Rainbow Six and The Division universes. In the coming months, players will have the opportunity to test and discover several of our upcoming long-lasting Live Games, including The Crew Motorfest, Skull and Bones, as well as, starting today, our first cross-platform technical test for XDefiant.
It's worth adding that both Guillemot and Douguet teased a "yet-to-be-announced large game" during the next fiscal year (between April 2023 and March 2024). The wording appears to indicate it's not an Assassin's Creed or Avatar game as it's in addition to the announced AC lineup and Avatar: Frontiers of Pandora.
We hear that Tom Clancy’s Rainbow Six Siege enjoyed a "very strong performance" in December and January after the release of Operation Solar Raid.
Mario + Rabbids: Sparks of Hope was also mentioned, and while we previously heard it underperformed compared to the company's expectations, Ubisoft predicts it'll sell for a long time thanks to "positive player reception, upcoming high-quality post-launch content and word of mouth."
Last, but not least, the registration to the insider program of the recently-revealed The Crew Motorfest "generated very strong demand." According to Ubisoft, "feedback has been very positive"