Ubisoft Q1 FY14 Financials are in, Sales down by 42 percent YOY

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Ubisoft has released its financials for Q1 2014 and the sales revenue has exceeded their expecations. The company posted $91.6 million in sales which is a bit higher than what they expected. However, it’s 42 percent less than what they did last year.

The reason given for this was due to a good performance of back catalog sales which increased by 56 percent. Games like Assassin’s Creed 3 and Rayman Origins did well. Their digital performance was also good and increased by 26 percent to $44.5 million.

“Ubisoft’s teams once again performed remarkably well at this year’s E3 in a very competitive and dynamic environment. The event was an opportunity to fully confirm the potential of the next-generation consoles whose launch in late 2013 is synonymous with a new growth phase for Ubisoft and the industry as a whole,” CEO Yves Guillemot said.

“After years of investing in the technologies, expertise and production capacity required for regularly releasing open world titles and for integrating online and social innovations, Ubisoft is now ideally positioned to continue on its path of winning market share and enhancing its financial performance.”

The Crew, which was announced at E3, will be released early next year.