Ubisoft thrives six months after escaping Vivendi's hostile takeover



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Just six months ago, Vivendi was ending its hostile takeover attempt by Ubisoft, France's leading publisher of video games. And today, Ubisoft has exceeded its financial targets for its second quarter and first six months ended September 30th.

The French publishing giant also announced that its latest Assassin's Creed action-adventure game, Odyssey, had been launched on October 5, after the end of the quarter.

Sales for the first six months ended September 30 amounted to $ 870 million. Revenues for the third quarter ended September 30 amounted to $ 416 million, exceeding Ubisoft's expectations of $ 403 million. Operating income was $ 106 million, well above $ 3.5 million in the same period last year.

About Assassin's Creed: Odyssey, Ubisoft CEO Yves Guillemot, said in a statement: "The reception of the community has been extremely supportive and the engagement of the players has further increased, confirming the entry of the franchise among the best. [role-playing games]. "

Guillemot said Ubisoft was strengthening its presence in the areas of e-sports, artificial intelligence and streaming. He also said that mobile gaming sales and PC sales were increasing, the latter being particularly strong throughout Asia.

Ubisoft has confirmed its previous estimates, namely an annual business turnover of $ 2.2 billion and a $ 500 million operating profit.

In the first half, digital sales accounted for 69% of revenue and back catalog bookings accounted for 75% of total bookings. Ubisoft has a net debt of $ 382 million, down from $ 622 million six months ago.

In a call to analysts, Ubisoft said the monthly active users of Rainbow Six Siege, which has 40 million players, were up in October. And Far Cry 5 continues to outdo Far Cry 4 about six months after launch.

For Honor, for its part, takes advantage of its downloadable content, Marching Fire, with a mode of seat to four against four. This game has 15 million players. Mobile phone revenues for games like Hungry Shark have increased by 60%.

Next year, Ubisoft is expected to launch a big launch with Tom Clancy's The Division 2.

Guillemot concluded: "The video game industry continues to thrive."

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