Net bookings for Ubisoft's mobile division declined in FY24, while the company's PC and console business drove it to a record year. Financial results for FY24 revealed that mobile accounted for just 6% of net bookings in the 12 months leading up to March 31, 2024, down from 31% the previous year. In Q4, mobile represented 4% of net bookings, a decrease from 14% the prior year.

The PC and console business fueled strong growth for Ubisoft over the past year. Net bookings for the full year rose by 33.5% year-over-year to €2.3 billion ($2.5 billion), while revenue increased by 26.8% to €2.32 billion ($2.52 billion). Operating income reached €313.6 million ($341 million), a significant improvement from the €585.8 million ($634 million) loss the previous year. Console revenue as a share of net bookings grew to 56% during FY24, up from 40% the previous year, while PC increased to 32%, up from 18%. The company reported 138 million active users on console and PC, a 4% year-over-year increase. Monthly active users rose slightly to 37 million, and total hours played increased by 12%.

Despite achieving record bookings and a growing player base, Ubisoft decided to end development on The Division: Heartland. This move was part of efforts to streamline operations, adapt to market trends, and be more selective with investments. The teams working on The Division: Heartland have been reassigned to XDefiant and Rainbow Six.

Although mobile's contribution to financials has decreased, Ubisoft still sees it as part of its future growth strategy. The company plans to focus on two areas: open-world titles and games-as-a-service, which it believes offer profitable growth opportunities and a chance to build a sustainable competitive advantage. Ubisoft intends to leverage its top intellectual properties, including Assassin’s Creed, Far Cry, and Tom Clancy titles, to expand in multiplayer and mobile.

“Pursuing a pragmatic and selective organic investment approach, and in line with the strategic pillars announced last year, our strategic focus is on returning to leadership in the open-world adventure segment and expanding our footprint in GaaS-native experiences,” said Ubisoft co-founder and CEO Yves Guillemot. “With these core verticals and leveraging ongoing investments in our technologies to maintain a competitive advantage, we aim to drive growth and recurrence with the objective of gradually expanding operating income and generating robust free cash flow.

“We are committed to continuing our turnaround in FY25 thanks to a very promising lineup that includes Assassin’s Creed Shadows, Rainbow Six Mobile, Star Wars Outlaws, The Division Resurgence, and XDefiant. Our upcoming Ubisoft Forward event on June 10th will further showcase our innovative games and our dedication to consistently creating and delivering high-quality, long-lasting experiences for players.”

Source: adapted from an article by Isa Muhammad, Staff Writer for PocketGamer.biz.