Ubisoft Profits Rise 94 Per Cent

Ubisoft has become the second biggest games publisher in Europe after announcing impressive second-quarter financial results, tech news site Tech Watch has reported.

Only last week, the French publisher stated that the company was expecting strong financial results this quarter.

In a statement, the company said: “We forecast an expected return to profitable growth and positive cash flow from operating activities.”

The company achieved sales of €161 million, up 94 per cent on the same period in the previous financial year, beating market estimates of

€145 million.

Ubisoft now has a 9.5 per cent share of the European gaming market, and an 11 per cent share of the market in the UK.

In the US, Ubisoft holds six per cent of the market share, making it the fourth largest games publisher in the country.

Ubisoft has attributed its success to strong sales of games including Splinter Cell, Just Dance, Assassin’s Creed 2, and Avatar.