Ubisoft revises financial forecast in light of game delays
Posted on October 15, 2013 by Brian(@NE_Brian) in General Nintendo, News
Ubisoft announced delays for two of its biggest upcoming games today: Watch_Dogs and The Crew. As a result, the company has revised its financial forecast, with a loss now expected for the 2013-14 fiscal year.
According to Ubisoft:
“Watch Dogs and The Crew, previously planned for release in fiscal year 2013-14, are now scheduled for 2014-15. The revision of targets for 2013-14 is principally a reflection of these changes. The Company now targets sales of between €995 million and €1,045 million and a non-IFRS operating loss of between €(70) million and €(40) million. Prior targets were sales of between €1,420 million and €1,450 million and non-IFRS operating income of between €110 million and €125 million.”
Wondering what the above is in USD? Here’s the breakdown: total sales of around $580 million USD lower and an operating loss between $54 million and $94.5 million.
