Ubisoft financial results beat Q1 expectations

Ubisoft has reported first quarter financial results for its fiscal 2015, showing a significant but anticipated dip in revenue when stacked up against the period Watch Dogs launched in last year.

The publisher reported quarterly revenue of €96.6m for the initial stretch of its current fiscal year, down 73.2 per cent compared to the €360m brought in during Q1 2014.

Back-catalogue sales did help the company beat its target of €80m for the quarter by 56 per cent. Ubisoft credits Far Cry 4, Watch Dogs, Assassin’s Creed Unity and The Crew sales for their “better-than-expected performance.”

A spike in digital revenue was highlighted as well, with the segment representing 56 per cent of total revenue compared to 23 per cent a year ago.

This article was originally published on our sister-site, MCV.