Ubisoft beats its sales targets in Q3, net bookings at $675M

Ubisoft today revealed its financial earnings report for Q3 2024, a solid quarter in which it surpassed its financial targets. The company’s net bookings for the quarter sit at €626 million, or just under $675 million, and for the whole nine months at around $1.6 billion. According to the publisher, this is thanks to the good performance of its games released in the quarter, including Assassin’s Creed Mirage and Avatar: Frontiers of Pandora.

The company’s initial guidance predicted €610 million, or about $657 million in net bookings for the quarter. The actual result of $675 million is a 43.1% increase from Q3 2023. Ubisoft CEO Yves Guillemot said in a statement, “In Q3, we made further progress in streamlining our operations and, at the same time, saw overall talent retention continue to improve. We are firmly committed to continuing along this path in the months ahead to deliver on our cost-reduction targets and better position ourselves for collective success in the long term.”

In its forward-looking projections, the company says it expects a strong Q4 performance thanks to the release of Prince of Persia: The Lost Crown and Skull & Bones. It also revealed in its report that its lineup for Fiscal Year 2024-25 includes Assassin’s Creed Red and Star Wars Outlaws. According to Guillemot, Outlaws is due to launch before the end of 2024 (though he didn’t specify an exact date), while Red is planned for a general FY release. Ubisoft plans to reveal the full roster of 2024-25 releases in May.

Guillemot said in the statement that live service titles like Rainbow Six Siege continue to account for a large amount of net bookings. He added that games such XDefiant, Rainbow Six Mobile and The Division Resurgence may contribute, though they are free-to-play; Skull & Bones is not free-to-play, a fact which Guillemot defended during the company’s conference call. Conversely, he added in the call that Ubisoft’s interest in VR has cooled following the middling response to Assassin’s Creed Nexus VR.

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