'Assassin's Creed Odyssey,' 'Far Cry 5' Launches Lift Ubisoft to $2B in Sales for 2018

Courtesy of Ubisoft
Ubisoft's 'Assassin's Creed Odyssey.'

The French gaming giant is set to release four new AAA games this year.

Paris-based video game developer Ubisoft reported sales of 1.8 billion euros ($2 billion) for the fiscal year 2018-19 on Wednesday. Net bookings for the year matched the company's expectations at 2 billion euros ($2.2 billion), a 17 percent increase over 2017.

Ubisoft released a number of AAA (aka tentpole) titles over the last fiscal year, including Assassin's Creed Odyssey and Far Cry 5, both of which sold the most of any title in their respective franchises at launch (Odyssey sold over 1.4 million copies in its first week, while Far Cry 5 grossed $310 million in its first seven days of launch).

Looking forward, Ubisoft is optimistic for 2019-20 as the company gears up to launch four AAA games over the period, including Ghost Recon Breakpoint in October and three other titles that will be revealed later this year and released in the fourth fiscal quarter. Meanwhile, the release of pirate adventure game Skull & Bones has been postponed to after 2019-20.

Ubisoft co-founder and CEO Yves Guillemot touted the company's position going forward as the gaming industry pivots more toward cloud and streaming gaming services. "The video game industry is at the dawn of a deep-seated transformation," he said. "These major changes will be driven in large part by the growing success of console and PC franchises on mobile and the advent of cloud gaming.... Ubisoft is ideally positioned within this overall context."

Guillemot noted that Ubisoft "own[s] all of our key brands, which gives us excellent visibility" and stated that the company will be "speeding up our investments in our teams and studios in order to support growth."