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Ubisoft Announce Operating Loss Of 51 Million

Ubisoft Announce Operating Loss Of 51 Million

French publishers Ubisoft have announced an operating loss of 51 million despite strong sales of some of their titles.

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Ubisoft’s CEO Yves Guillemot said in a statement:

“The global economic crisis had a pronounced impact on the video game industry in 2009, which contracted by nearly 10% year-on-year.

Ubisoft’s sales were hit particularly hard, falling 18% over the full year despite a stabilization in the second half of the year, when figures came in on a par with the corresponding period of 2008-09. This overall contraction in sales, combined with additional write-downs recorded for games already launched as well as for upcoming releases, led to a 60 M operating loss.”

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