UBISOFT DECIDES TO INVEST ADDITIONAL DEVELOPMENT TIME IN THREE GAMES
LONDON, UK – DECEMBER 7TH, 2017 – Today, Ubisoft announced it is investing more time in the development of three upcoming games. Far Cry® 5 is now slated for release on March 27th, 2018 (instead of February 27th, 2018) and The Crew® 2 will come out in the first half of Fiscal 2018-19 (rather than on March 16th, 2018). In addition, one of the three unannounced franchise games initially planned for release in Fiscal 2018-19 now will be released in Fiscal 2019-20.
Christine Burgess-Quémard, Ubisoft’s Worldwide Studios Executive Director, said, “This decision is in line with our strategic vision of developing even more engaging and higher quality experiences for gamers. Taking more time with Assassin’s Creed Origins enabled our talented development team to fully express their creative vision. As expected, this had a very positive impact on the game’s quality and largely participated to its commercial success. Taking a similar approach, we have decided to invest additional development time in three upcoming games.”
This announcement is being made against a particularly favourable backdrop for Ubisoft, with the month of November seeing continued excellent sales momentum both for back-catalog and new releases.
As a result of both the adjusted lineup and the confirmation of the positive sales trends, Ubisoft is updating its financial 2017-18 targets, notably by revising its profitability upward.
2017-18: Profitability target revised upward
2018-19: Targets confirmed and higher visibility
Ubisoft will publish its sales for the third fiscal quarter on Thursday, February 8th, 2018, after the close of stock market trading.
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This statement may contain estimated financial data, information on future projects and transactions and future business results/performance. Such forward-looking data are provided for estimation purposes only. They are subject to market risks and uncertainties and may vary significantly compared with the actual results that will be published. (Additional information is specified in the most recent Ubisoft Registration Document filed on July 21, 2017 with the French Financial Markets Authority (l’Autorité des Marchés Financiers)).
Ubisoft is a leading creator, publisher and distributor of interactive entertainment and services, with a rich portfolio of world-renowned brands, including Assassin’s Creed, Just Dance, Rayman, Far Cry, Watch_Dogs and the Tom Clancy video game series. The teams throughout Ubisoft’s worldwide network of studios and business offices are committed to delivering original and memorable gaming experiences across all popular platforms, including consoles, mobile phones, tablets and PCs. For the 2016-17 fiscal year Ubisoft generated sales of €1,460 million. To learn more, please visit www.ubisoftgroup.com
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