Ubisoft List Mario+Rabbids As Driver Of Growth In H1 Financial Statement

In Ubisoft latest financial call, CEO Yves Guillemot mentioned that Ubisoft has exceeded their financial targets with a few games being key to Ubisoft’s growth.

One of the games being called out was Mario+ Rabbids: Kingdom Battle. First shown off back in E3 with Miyamoto, the turn based strategy game did exceptionally well when it was launched back in August.

Hopefully, Ubisoft will take the strong sales as an indication of the Switch’s appeal and continue to put more games on the Nintendo Switch.

H1 2017-18: TARGET EXCEEDED, with a strong increase in sales and a sharp positive swing in operating income

First-half sales up 65.7% to €466.2 million
Second-quarter sales: €264.2 million, versus a target of approximately €190.0 million
Growth driven by Mario + Rabbids®: Kingdom Battle, Tom Clancy’s Rainbow Six® Siege, Tom Clancy’s Ghost Recon® Wildlands and For Honor®
Digital revenue up 69.1% to €342.6 million
Very sharp rise in PRI[1]: up 82.9% to €174.5 million
Back-catalog sales up 47.9% to €379.4 million
Confirmation of the increasingly recurring profile of the Group’s business
Non-IFRS operating income of €3.1 million, a significant positive swing compared with the €61.8 million non-IFRS operating loss recorded for first-half 2016-17
Improvement in non-IFRS cash flows from operations, representing a net outflow of €83.6 million versus €180.2 million in first-half 2016-17