Ubisoft’s financial results: More games sold for PS4 rather than Xbox One

Microsoft’s gaming console, the Xbox One, was outsold by Sony’s PlayStation 4 for quite a while despite all the bundles and sales the software giant introduced. The effect of the console wars is even seen by big developers as well who have sold more PlayStation 4 games compared to Xbox One.

Yesterday, Ubisoft revealed their financial results for the first quarter and said that PlayStation 4 accounts for the bulk of its global software sales (via Ars Technica). During the three months period of April and June, PlayStation 4 accounted for 27 percent of the developer’s software sales, followed by PC with 23 percent, and both Xbox One and Xbox 360 had a share of 11 percent. This suggests that PlayStation 4 is still selling better than Microsoft’s console globally. Surprisingly, both PS4 and Xbox One have seen a dip in their share for Ubisoft compared to the same quarter last year.

Yves Guillemot, Co-Founder and Chief Executive Officer, said “E3 2015 confirmed that the video games industry is in excellent shape. Gamers’ immense enthusiasm for the games presented at the show promises to maintain the current strong growth dynamic in the PC and console market. Ubisoft presented its strongest line-up ever, garnering very positive gamer feedback for our franchises’ latest opuses, including Assassin’s Creed Syndicate, Ghost Recon Wildlands and Rainbow Six Siege, as well as for our new brands For Honor and The Division. Fans told us that they particularly appreciated that most of our games could be played hands on at our booth. E3 also was an opportunity to showcase our advances in multiplayer games, which should have a favorable impact on our digital revenues growth and on our profitability.”

As for its earnings, the company reported a total revenue of €96.6 million (£70 million, $108 million), with sales exceeding their target, with last year’s Watch Dogs being one of the most profitable games. This is a considerable decline of 73.2 percent compared to the company’s earnings in the same quarter last year, which amounted to  €360.1 million. The revenue from the digital business also generated €54.1 million, an increase of 23.2 percent compared to last year.

The developer is also said to be working on games for virtual reality platforms which will launch in the first half of 2015, but there’s no word about the titles at the moment.