Last week, Ubisoft announced delays to its
3 upcoming AAA games Gods and Monster, Rainbow Six Quarantine and Watch_Dogs
Legion into its fiscal year 2020-21. All of these games were slated to release
this year only, but due to poor response on The Division 2 and Ghost Recon:
Breakpoint the management decided to delay the other games and improve them
In a statement, Yves Guillemot, CEO at
Ubisoft said that the delays were announced to give more time to developers to
polish the experience and perfect implementation of innovation for players.
Today, Ubisoft reported their first half
2019-2020 earnings in which the operating income of the company declined by
more than 90% compared to last year.
The company didn’t mention any thing about The
Division 2 in the report, but were vocal about the failure of Ghost Recon:
Breakpoint being explanation for “operating income impairment”. This report
further went into predicting an empty Q3 and Q4 as there are no major release
scheduled for those months.
The reports of the current fiscal aren’t
good by any standard for company such as Ubisoft which is traded publicly on
stock market. This will make investors cautioned about the company and may
result in drop of share prices.
Although this doesn’t mean that the company
is doomed and may close down, but rather it means that the next major releases
should perform exponentially well and meet all market expectations or the
company may have hard times next year.
Further in the report CEO Yves Guillemot
Next year will be hard for the company and
its teams any failure might have big repercussions for both the parties.
The post Ubisoft reports a sharp decline in operating income amid delays and poor sales appeared first on TalkEsport.