Ubisoft have reported their financial results for its third fiscal quarter, showing steep year-over-year sales declines but managing to beat the downbeat forecast it provided after delaying three major titles at the same time last October.
For the three months ended December 31, 2019, Ubisoft reported €416.2 million ($456.86 million) in revenues, down 26% year-over-year. Net bookings were down 25% to €455.5 million ($500 million), but still surpassed the €410 million ($450.05 million) guidance Ubisoft had provided in its previous earnings.
“Although the current fiscal year is well below our initial expectations, the third fiscal quarter saw excellent performances from several titles in our back catalog – particularly Rainbow Six Siege, Assassin’s Creed Odyssey, The Crew 2 and Mario + Rabbids Kingdom Battle – and from the release of Just Dance 2020, which is back on the growth track,” Ubisoft CEO Yves Guillemot said in a statement accompanying the numbers.
Guillemot emphasized that metrics for active players and spending on its existing console and PC games haven’t wavered, and offered hope that its stable of successful games will be added to before long.