Ubisoft posted its first-quarter 2009-10 sales reports this morning, and there was bad news and bad news. I'll give you the bad news first: Ubi's sales for the first quarter of 2009-10 came to €83 million, down 50.6%, compared with the €169 million recorded for the same period of 2008-09. This was due to an unanticipated slowdown of Nintendo DS game sales and lower back-catalog sales than anticipated, as well as the overall crap-tastic market. Overall expectations for the rest of the fiscal year were revised downward.
Now the bad news: Splinter Cell Conviction and Red Steel 2, whose releases were previously planned for the third fiscal quarter, will now be released in the fourth fiscal quarter, effectively delaying them until 2010. Sorry, guys.
Ghost Recon and I am Alive, which were previously scheduled for release in the fourth fiscal quarter, will now "strengthen the line-up" for fiscal 2010-11. Sorry again, guys.
In a statement, Yves Guillemot, Chief Executive Officer of Ubisoft said:
We are disappointed that we have to postpone the release of several major games but we consider that this choice is the best one in the long-term interests of Ubisoft. Lastly, we are having to adjust our full-year targets to take into account the fall in business over the first half. The excellent response to our games at E3, as well as the high buzz generated for titles such as Assassin's Creed 2, Splinter Cell Conviction and Avatar, reinforce our belief that the company can achieve strong growth in the second half of the fiscal year."