French video game company Ubisoft has reported strong financial results for Q2 2021, as video game sales rose globally, surpassing its expectations for the period that ended on 30 June. Ubisoft’s numbers indicate a strong recovery from the COVID-19 pandemic, with significant growth in sales across all regions, and its q2 financial results suggest healthy growth and profitability. Ubisoft now aims to cement its position as one of the leading video game developers in the world with significant investments in franchises, such as Assassin’s Creed and Far Cry, as well as soon-to-be-released games.
Ubisoft Reports Strong Q2 2021 Financial Results
Introduction
Paris-based video game giant Ubisoft has reported a strong Q2 2021 financial result, citing a rise in video game sales, surpassing its expectations for the period ending June 30, 2021. The latest financial results indicate a strong recovery from the COVID-19 pandemic, with significant growth in sales across all regions.
Q2 2021 Financial Results
Ubisoft’s Q2 2021 financial report had impressive numbers in key areas that suggest healthy growth and profitability. The company reported:
- Net booking of €326.0 million, up 53.8% YoY
- Net bookings for the first half of the 2021-22 fiscal year of €671.0 million, up 54.6% YoY
- Recurrent player investment (RPI) increased by 29% YoY to €163.8 million. RPI represents sales of in-game content, DLCs, and micro-transactions
- PC was the company’s top-performing platform, experiencing the highest YoY growth
Ubisoft’s Statement
The Ubisoft management team released a statement on their Q2 2021 financial results:
“We had an excellent second quarter, thanks to the growth of our existing titles, the successful launch of our new releases, and the sustained uptick of our players’ engagement levels. We have proved once again this quarter our ability to deliver strong performances and to execute effectively on our strategic plan, fully focused on expanding our brands and offering premium and diversified experiences to players.”
The statement continued, “Despite the current environment and without the launch of the new console cycle, which benefited us last year, we are seeing a very healthy growth in our business thanks to our high-quality titles and the depth of our catalog. Our teams continue to work hard to ensure we deliver the best possible gaming experiences for our communities”.
Conclusion
The current performance of Ubisoft suggests that the company is on a steady path to continuous growth in the future. With significant investments in their existing and soon-to-be-released franchises, such as Assassin’s Creed and Far Cry, the company aims to cement their position as one of the leading video game developers in the world.