Avatar: Frontiers of Pandora and other
In the regular financial report, Ubisoft shared several major updates regarding the development status of several projects. To begin with, the French game publisher announced that it had canceled four games. As it became known, Ubisoft waived previously shown Ghost Recon Frontline and relatively announced Splinter Cell VR. Moreover, two unannounced games were also canceled.
As for Avatar: Frontiers of Pandora, Ubisoft stated that the developers of the game intend to release a title that would use all possible nextgen technologies. In addition, the management of the company noted that it wants to create all conditions for the most effective work for its employees.
Now, the release of Avatar: Frontiers of Pandora is scheduled for the period between April 2023 and March 2024. Ubisoft decided not to announce the exact release window.
Besides that, the financial report mentions the postponement to the same fiscal year of a certain unannounced game of a smaller scale. Which studio is leading the development of this game is not specified.
It is also worth noting separately the upcoming presentation Ubisoft Forward. As previously mentioned, the showcase will take place on September 10th. In the same month, the company is going to tell us about the future of the Assassin’s Creed Series.
Ubisoft Assassin’s Creed Franchise
Ubisoft wealth and plans
Further, other information from the financial report I will present in summary form:
- Sales revenue amounted to 239.3 million euros. 10% reduction compared to the first quarter of the previous year. However, the rate was still slightly higher than expected.
- Ubisoft expects its financial performance for the entire 2022-2023 year to increase compared to the previous reporting period. The heads did not change their forecast of 400 million euros annual profit.
- CEO Yves Guillemot noted that the company is trying to adapt to the ongoing uncertain economic situation. At the same time, he stressed that Ubisoft is working on the most intense line of releases. In 2023 and 2024, the company’s presence in the market will expand.
SOURCE: Ubisoft financial report
