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Ubisoft Financials

Ubisoft announces the release of financial results (Adobe Acrobat format) for their fiscal year 2013, saying their numbers for the year are "at the upper end of the recently-raised target ranges." They report annual sales are up 18% to €1,256 million and non-IFRS operating income is up 79% to €100 million. The results include perspective from Ubisoft CEO Yves Guillemot:

"In 2012-13 our financial performance outstripped the targets that we had announced a year ago, notably with non-IFRS operating income up 79% and higher-than-expected cash generation. The expertise and talent of our teams enabled Ubisoft to manage the year’s difficult market conditions and the drop in the casual segment remarkably well. In addition, the success of Far Cry 3 confirmed our strong comeback in the major segment of shooter games.” Guillemot continued "We began fiscal 2012-13 with two major franchises: Assassin’s Creed and Just Dance. Twelve months later, we have substantially extended our reach by establishing Far Cry as another major franchise, building upon the great potential for our newest brand, Watch Dogs, and making our online/digital segment an increasingly significant part of our business. The steady rise in our operating and financial performance during the last three years is the direct result of the longterm investments we have made, with the continued development of our creative capacity and the bolstering of our expertise in online activities.”

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44. Re: Ubisoft Financials May 18, 2013, 18:43 netnerd85
 
Jerykk wrote on May 18, 2013, 18:40:
netnerd85 wrote on May 18, 2013, 09:03:
You are acting as if there is only one side to the story, the one you wish to believe. There are always two sides and you aren't seeing both. I agree with some of your points but not the fact that it's the right or complete dominating majority view.

I do see both. I even listed the objective downsides to Steam. However, even if those downsides were all important to me, I still wouldn't be able to deny the beneficial impact that Steam has had on PC gaming because I can't deny facts. If Steam had never been created, digital distribution would be nowhere near as popular as it is now and we'd be seeing far less PC games than we see now. The retail presence of PC games was already in decline before Steam was introduced and that decline would have continued (as it did even after Steam debuted). However, without digital distribution, there wouldn't have been any other viable ways to sell PC games so PC gaming would have suffered.
If Steam had not come along another digital distribution system would have, there's a high chance of that. You give Valve way too much credit they do not deserve.
 
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