Ubisoft scores $233 million in sales with 80% of its total revenues generated from digital products

Ubisoft has released its financials for its Q1 FY18 for the three months ending June 30th 2017.

The company posted sales of €202.1 million ($232.8 million) for the quarter, up 45.2% year-on-year. It did not share its profits for the period.

Digital revenues came to €162.4 million ($187.2 million) for the period, accounting for 80.4% of total sales. Around half of these revenues were generated from "Player Recurring Investment", such as IAP, advertising, and console DLC and season passes.

Quiet on mobile

Mobile still only contributes a relatively small amount to Ubisoft's revenues, making up 11% of its total sales for the quarter as part of its "Others" category. This roughly translates to €22 million in sales for the quarter.

Ubisoft has also signed an agreement for a new revolving credit facility totalling €300 million for a five-year term. It will be used to refinance a €250 million loan from 2014 and provide a more stable financial environment for the company.

As for the future, Ubisoft does not have a particularly large release schedule. It is planning to launch Mario + Rabbids Kingdom Battle for the Nintendo Switch in Q2 FY18, but offered no release date for its soft-launched mobile games such as Tom Clancy: ShadowBreak or South Park: Phone Destroyer.