French gaming giant, Ubisoft grew by 40%

French gaming giant, Ubisoft grew by 40%

The publishers for Prince of Persia, Assassin’s Creed games and many more, French video games company, Ubisoft had a big 2020 as video game engagement spiked because of lockdowns forced upon by the COVID-19 Pandemic. According to data presented by Safe Betting Sites US, Ubisoft generated €2.23B in sales in their fiscal year 2020-2021 – a 39.4% YoY increase.

Ubisoft reported sales of €2.23B for their fiscal year (FY) 2020-2021 which ended in March 2021. This figure is a 39.4% YoY increase from FY 2019-2020 which only recorded sales of €1.6B. Ubisoft also recorded a net income of €105M compared to the previous FY’s net loss of €-124M.

The holiday period falls under Q3 in Ubisoft’s FY and is traditionally their “high” season. In Q3 of FY 2020-2021, Ubisoft generated sales of over €965M, the highest quarterly sales recorded in the company’s history. For the final quarter of the same FY, Ubisoft generated sales of €502M.

Sony’s Playstation console has been a lucrative source of net bookings for Ubisoft over the years and in FY 2020-2021 accounted for 33% or one-third of Ubisoft’s global net bookings.

The PC is their next largest market in terms of platform accounting for 23% of net bookings while Microsoft’s Xbox accounted for the third-largest share at 21%.

Rex Pascual, eSports Editor at Safe Betting Sites US, commented “2020 was a record year for Ubisoft with the company outperforming even their own expectations. Having a portfolio that boasts some of gaming’s most popular franchises such as Rainbow Six, Assassin’s Creed and Far Cry, just to name a few, ensured Ubisoft’s safe passage through a tumultuous 2020.”

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