The Ubisoft The financial report for the first quarter of 2022 has been released and worrying detailed information. With an annual decline in revenue and a loss of 9.8% in profits compared to the same period in 2021, the strategy to offset costs was to cancel four games in development, including Ghost Recon Frontline And the Splinter Cell VR.
Games have been closed before Yves Guillemot, CEO of the publisher, during a conference call with investors. According to the executive branch, setbacks in the projects were necessary to reduce operating expenses and to adopt long-term planning.
Splinter Cell VR was first announced in September 2020 as an Oculus title, a side project and not related to franchise edition – Still in the company’s plans. Ghost Recon Frontline managed to get past the reveal a bit and almost went into the beta, but watched Postponing exams And a host of other problems hinder its production.
With “better than expected performance” of a series like far cryAnd the Doctrine killer And the rainbow sixUbi estimates that there will be more financial success in the second half of the year. CFO Frédérick Duguet accounts for a pool of €270 million in the remaining months, while he forecasts an annual target of €400 million.
In addition to games from popular Ubisoft franchises, two “unannounced” AAA games were also suspended, but nothing was mentioned about them. As such, the company intends to “stabilize its workforce” by the end of the current fiscal year – March 2023 – to return to prior period levels.
Ubisoft delays Avatar: Frontiers of Pandora movie for next fiscal year
During the conference call, Guillemot also confirmed the postponement Avatar: Pandora’s Border for the next fiscal year. Previously scheduled to arrive in late 2022, the adventure title has been pushed to the period between April 2023 and ending in March 2024. click here to know more.
