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Ubisoft reports first-quarter 2018-19 sales

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Ubisoft reports first-quarter 2018-19 salesReading Time: 3 minutes

A solid performance, led by sharp back-catalog growth and continued strong momentum for digitalales : 400.0 M€

Ubisoft released its sales figures for the first quarter of fiscal 2018-19, i.e. the three months ending on June 30, 2018.
Yves Guillemot, Co-Founder and Chief Executive Officer, stated “We had a record first quarter, which exceeded our expectations. This performance was fueled by steady growth for our back-catalog and an excellent momentum for PRI, once again confirming the increasingly recurring profile of our business and the ever-greater success of our digital transformation.
Our teams are continuing to deliver on our strategic plan of ramping up our franchises.

Assassin’s Creed Odyssey and The Division 2 were very well received at E3, confirming their full potential in a highly competitive environment. Our new creation, Skull & Bones, also made a very good impression due to its innovative gameplay combining naval battles with a multi-player experience.

Thanks to its numerous growth drivers, brisk digital trajectory and close-knit relations with its gamer communities, as well as the fact that it directly owns its brands, Ubisoft is ideally positioned to meet its targets for full-year 2018-19 and continue to grow and increase its profitability over the long term.”

The Group applied the IFRS 15 new revenue norm for the first time in its quarterly financial statements for the three months ended June 30, 2018. As a result of applying this standard, a portion of revenue generated from games is now recognized after the initial delivery date of the game concerned. As the Group has elected to use the cumulative catch-up method for applying IFRS 15, the revenue figure for the first quarter of the previous fiscal year have not been restated.

Sales and net bookings

In M€ Q1 2018-19
Sales 400.0
Deferred services -18.5
Net bookings 381.5
Sales for the first quarter of fiscal 2018-19 amounted to €400.0 million (415.4 million at constant exchange rates[2]).

First-quarter 2018-19 net bookings came to €381.5 million, representing an increase of 88.8% (+ 96.1% at constant exchange rates2) on the €202.1 million reported for first-quarter 2017-18.

Outlook

Second-quarter 2018-19 sales and net bookings

The Group expects second-quarter 2018-19 sales of between €345.0 million and €355.0 million and net bookings to amount to around €345.0 million (versus €264.2 million for the second quarter of 2017-18). This year-on-year expected increase is due to the back-catalog momentum and initial in-stores shipments for Assassin’s Creed® Odyssey.

Full-year 2018-19

Ubisoft is standing by its targets of:

Sales of around €2,000.0 million

Net bookings of around €2,050.0 million.

Non-IFRS operating income (based on net bookings) of around €440.0 million.

Free cash flow of around €300.0 million.

Disclaimer

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. The estimated financial data have been presented and approved by the Board of Directors on 05/17/18 and have not been audited by the Statutory Auditors. (Additional information is specified in the most recent Ubisoft Registration Document filed on June 06, 2018 with the French Financial Markets Authority (l’Autorité des Marchés Financiers)).

 

About Ubisoft:

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, Far Cry, For Honor, Just Dance, Watch_Dogs & Tom Clancy’s video game series, including Ghost Recon, Rainbow Six and The Division. 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 2017-18 fiscal year Ubisoft generated sales of €1,732 million. To learn more, please visit www.ubisoftgroup.com

 

© 2018 Ubisoft Entertainment. All Rights Reserved. Ubisoft and the Ubisoft logo are registered trademarks in the US and/or other countries

 

Definitions of Non-IFRS Financial Indicators

Net Bookings: corresponds to the prior sales standard.

Non-IFRS operating income corresponds to operating income less the following items:

Stock-based compensation expense arising on free share plans, group savings plans and stock options.
Depreciation of acquired intangible assets with indefinite useful lives.
Non-operating income and expenses resulting from restructuring operations within the Group.

Non-IFRS operating margin corresponds to the ratio between the Non-IFRS operating income and sales. This ratio reflects the economic performance.

Free cash flow corresponds to cash flows from operating activities after cash inflows/outflows arising on the disposal/acquisition of other intangible assets and property, plant and equipment.

 


Source: Press Releases Published on European Gaming Media Network

Press Releases

BiG Africa Supershow 2019 Speaker Interview: Jason Foster

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Interview with Jason Foster

Jason Foster

Head of iGaming

Chalkline Sports

Jason Foster is Head of iGaming at US based Chalkline Sports, a media technology company that powers platforms for communities and marketplaces of sports bettors. Jason has more than 20 years’ experience in sports betting operations and online sports betting technology and has worked with sports betting operators around the world. Some of Jason’s previous achievements include being the co-founder of South Africa’s first online bookmaker and a former General Manager of Sun International’s sports betting division, Sunbet. Other than gambling industry knowledge, Jason has extensive mathematical and statistical training.

Jordan: Jason, you were the co-founder of South Africa’s first online bookmaker, how have online sportsbooks evolved in South Africa ever since?

Jason: In a single word: mobile. Ten years ago, when we founded Volbet (later Sunbet), it was a big deal to simply take a bet online. It sounds a bit silly today, but that was the reality in 2008.

Today, Africa is a case study in mobile growth. The proliferation of mobile devices and connectivity on the continent is creating opportunities for digital inclusion, financial inclusion and innovation. The average person spends hours each day on their phone.

The impact on sports betting has been seismic. 75% of all online bets in Africa are taken on a mobile device.

This past summer, we ran World Cup 2018 programs for several clients in South Africa. Over 90% of all engagement was on a mobile device. We expect these percentages to hold strong or edge up as the overall size of the online betting market continues to grow rapidly.

Jordan: Chalkline Sports utilizes powerful Artificial Intelligence to generate content for bookmakers, how prevalent would you say AI is starting to become in the gaming sector?

Jason: As an industry, we’ve only just begun to tap the potential of AI. Many operators are using AI-enabled applications (like their CRM tools) that have AI-driven components.

In the sports betting space, many operators work with risk-management tools that use AI or machine learning.

However, we’ve only started with AI. Five years from now, when we think about gaming and AI, the response will be much more elaborate.

Jordan: You recently spoke about giving customers what they want at Gambling Indaba, what do punters really want?

Jason: At Chalkline Sports, we think about what punters want in three ways:

  1. Simplicity. Punters want simple, fun experiences on their phone, and they don’t want to spend a lot of time figuring things out. Facebook is easy. WhatsApp is easy, everything should be simple. No matter how complex the technology behind any application, the product must be simple to use.
  2. Personalization. Give punters what they care about. If you’re a serious rugby fan, you should first get info on Super Rugby. If you’re an EPL fan, you should get information on your favourite team. If you’re a casual fan, you should get the most popular games that day.
  3. Games. Punters want fun, and different types of games are changing the online experience every day. There’s more to sports betting than straight bets and parlays. Virtual games, lotto plus sports betting and season-long jackpot games are all examples of where the gaming world is going.

Jordan: Can you give us any hints as to what you will be presenting at the BiG Africa Supershow this year?

Jason: Yes. The emergence of mobile technology and data has created opportunities for operators that they can take advantage of to build and retain their customer base now. We’ll have a few case studies from forward-looking operators around the globe that will demonstrate the benefits of this approach.

Jordan: What do you look forward to by being a part of the 6th Annual BiG Africa Supershow?

Jason: African gaming is evolving rapidly. BiG Africa is a key a part of the growing conversation. The opportunity to meet and engage with operators, vendors, regulators and stakeholders is why we’ll be there.

 

Jason Foster looks forward to meeting you all in person at the 6th Annual BiG Africa Supershow. See more information on the BiG Africa Supershow and how you can register below.

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Press Releases

SPiCE Gaming Conference and Exhibition to be held in Goa Marriott Resort & Spa in February 2019:

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The second edition of the premier gaming conclave of India, namely the Strategic Platform for iGaming Conference & Exhibition (SPiCE), is set to be held on 26th and 27th February 2019, at the Goa Marriott Resort & Spa, located in Miramar, Panaji.

The two day conference and exhibition, hosted by Hong Kong-based Eventus International, will be held at the serene Goa Marriott Resort & Spa, which is strategically located close to the capital city of Panaji, with easy access to the offshore and onshore casinos of the state.

The event will see eminent experts and industry leaders brainstorm on the developments in the gaming and betting industry and the road ahead for the sector over the course of two days.

A SP’iCE’ Breaker Networking Drinks will be held on the eve of the event, i.e. on 25th February 2019 at the Goa Marriott Resort & Spa, wherein the attendees will get an opportunity to discuss, deliberate and network over drinks while gazing out over the beautiful oceanic view of the Arabian sea.

After Day One of SPiCE 2019 (26th February), attendees will also see a fun-filled casino visit to Deltin Royale casino in the evening and a USD150 buy-in poker tournament as well as canapés and drinks for the all.

On Day Two (27th February), there will be a VIP Networking Event, namely Table Talk Dinner, wherein the VIP attendees of the event will be invited to gather over a 5-star three-course dinner and drinks.

The theme for the event is to promote Indian culture and therefore participants and speakers are encouraged to attend the conference in their best ethnic attire.

Yudi Soetjiptadi, Managing Director at Eventus International notes, “SPiCE is turning out to be the most anticipated gaming event in India and the response that we have received so far is truly overwhelming. We aim give a unique experience to all participants and also promote Indian culture, which is why we are encouraging all participants to come out in their best ethnic wear for the event. SPiCE will not just be a platform to network and exchange views, but also have a memorable and fun-filled experience in a serene environment.”

Eventus International is a highly professional, independent and global event producing company that specialises in gaming conferences and exhibitions; across Asia and Africa, attended by hundreds of senior delegates from the private and public sector. For more information on Eventus International, kindly visit – http://www.eventus-international.com/

SPiCE is scheduled to take place on the 26th & 27th February 2019 at Goa Marriott Resort & Spa, India.

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Press Releases

SPiCE India 2019 – We’re Adding Some Flavour to Networking

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SPiCE isn’t just a 2-Day Conference and Exhibition. It is an “all-in-one” networking platform for the gaming industry to connect and grow together over formal and informal settings. Spartan Poker is the proud Co-Networking Drinks Sponsor for the “SP’iCE’ Breaker” networking event on the 25th of February 2019. During this event attendees who arrived early, can register to beat the queue on the next day, as well as BREAK THE ICE at SPiCE with HOT conversation and ICE COLD drinks, while gazing out over the beautiful oceanic views of Goa.

 

And… this is not the only way to network at SPiCE! Here follows all networking opportunities during SPiCE 2019:

  • SP’iCE’ Breaker Networking Event: Co-Sponsorship (25 Feb, 5pm – 9pm)

    • Sponsored Welcoming Drinks (26 – 27 Feb, 9am – 10am)

    • Sponsored VIP Lounge & Bar (26 – 27 Feb, 10am – 5pm)

    • SPiCE IT UP Poker Tournament: Co-Sponsorship (26 Feb, 8pm – Late)

    • Table Talk Dinner VIP Networking Event: Co-Sponsorship (27 Feb, 7pm – 10pm)

Interview with Amin Rozani

Amin Rozani

Managing Director

The Spartan Poker

 

Amin Rozani is the co-founder and Managing Director of The Spartan Poker, one of India’s leading real money gaming portals. A Six Sigma Black Belt, Mr. Rozani comes from a banking process background having worked and consulted with brands such as Birla, Wipro, WNS and Standard Chartered Bank among others.

 

Eventus: What are the challenges faced in the online poker space at present?

Amin: The area of opportunity here is the taboo associated with real money gaming. There is still a prevailing thought (among those who aren’t full aware) that poker is a game of chance. That mind-set has been changing over the past 5 years especially but there is some way to go before poker gains complete acceptance as a mind sport that is skill-based.  Of course, there are advertising and marketing hurdles faced by us when we try to promote the sport and our brand as mainstream advertising is unavailable to us. There is also a lack of clarity about regulation which needs to be addressed if this industry is to achieve the growth it is capable of in a shorter duration of time.

 

Eventus: Poker leagues are burgeoning and also being televised. What are the opportunities in the sportification of skill games?

Amin: Certainly it is terrific mainstream exposure for the sport and the more that happens, the faster we will see this game grow in India. If you ask people like us who first started playing/following the sport back in the mid-2000s, watching shows like the World Poker Tour on Indian television really opened us to how developed poker was in mature markets like US and Europe.

The other advantage of televising poker is the creation of Indian poker celebrities. While there are stalwarts in the game across the world, that one can admire, it’s a different feeling to look at home-grown heroes as a source of pride and inspiration.

Eventus: Although there are various restrictions on international operators starting something in India, what are the possibilities in the present scenario?

Amin: The poker industry in India is a very niche one which is closed off. There are several entry barriers for international operators to venture into India despite it being a very attractive proposition and one of ‘last frontiers’ in terms of poker markets. So any international operator who wishes to enter needs to understand these challenges and will require substantial funding to make a dent in this market.

Eventus: There are various legal cases going on in High Courts that will decide the fate of skill-based games like poker and rummy. How has the progress been in the matters so far and what may be expected in terms of legal and regulatory challenges going forward?

Amin: Poker is still in its nascent stages. The industry has exhibited immense growth despite various challenges. This upward trend will continue and considering that there are more opportunities than challenges, I am hopeful that those in charge of regulations will see the positives of making this sport mainstream and that it will happen sooner rather than later.

Eventus: Do you think other state governments are looking at opportunities in the casino and gaming space?

Amin: Certainly tourism-dependent states are always looking for opportunities to attract visitors. Gaming entertainment provides that and the significant revenue it would generate will help those states in funding various other developmental initiatives..

Eventus: What are the innovative products that can be offered in the current market and are you looking to expand your offering?

Amin: Within poker, there are many variants like Open Face Chinese Poker (OFC), a fast paced variant such as Boost (also known as Zoom on PokerStars), a jackpot style variant called Windfall and many more products are already on offer for players. Beyond poker, there’s games like rummy, fantasy sports and even play money casino which we are looking to get into. As such we are constantly seeking to innovate and new product development is an on-going activity

Eventus: What do you look forward to by being a part of SPiCE 2019?

Amin: SPiCE will allow me the opportunity to listen to and interact with industry leaders and veterans who will share their past experiences as well as their vision for the gaming industry’s future. Such insights are immensely useful to newcomers as well as to brands like ours which been around for a while. We can learn from the pillars of the industry which will help us avoid making errors and improve on existing processes. After all we are in the service business and the ongoing goal is to always serve our customers better.

 

 

After successfully hosting Sports Betting & Gaming India (SBGI) summit in Goa in February this year, Eventus International has announced the rebranded Strategic Platform for iGaming Conference & Exhibition (SPICE), scheduled to take place on the 26th & 27th February 2019 in Goa, India.

The two-day event will delve into the impact and opportunities that comes with clear and well-defined legalised gambling. Presentations will discuss investment opportunities in online skill gaming and brick and mortar casinos, effective structuring of foreign investments and gaming businesses, responsible gambling and the player protection and the socio-economic and financial benefits of legalised gambling etc.

 

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