Ubisoft hasn't exploded or been bought by Tencent: Its finances were delayed because of maths nerds, AC Shadows is 'Overperforming', and it's got one upcoming game you don't know about, thank you

Yves Guillemot, chief executive officer of Ubisoft SA, at the company's headquarters in Paris, France, on Wednesday, Jan. 18, 2023. The five Guillemot brothers have forged a common vision for Ubisoft which they founded in the 1980s in a sleepy northwestern French town, catapulting it into one of the largest stand-alone studios in the $200 billion global video games industry. Photographer: Nathan Laine/Bloomberg via Getty Images
(Image credit: Getty Images)

Last week, Ubisoft delayed its quarterly financial report and called a temporary halt to trading in its stocks. The internet immediately did what it does best: descend into wild and frenzied speculation. To be fair, it did all seem quite portentous, and in a world where Saudi Arabia bought EA and Microsoft bought Activision, the theories that Ubi had itself been acquired or undergone some kind of enormous financial calamity didn't feel totally out there.

But stand down, folks. Ubisoft's delayed financial report took place earlier today, and it turns out all that hullabaloo was—per company big boss Yves Guillemot—for perhaps the most boring reason imaginable: "We appointed a new panel of auditors, that was approved at the [Annual General Meeting] last July."

(Image credit: Ubisoft)

So, if Ubisoft hasn't suddenly become someone else's property or vanished into a financial black hole, did anything actually interesting come out of its delayed financial report? Well, we did learn that Ubi's pretty chuffed with how Assassin's Creed Shadows has gone. The company's earnings report said that the latest AC (plus "the rest of the brand's catalog") have been "overperforming" against its expectations, though it's keeping schtum about specific sales numbers.

Instead, the only number we get is the flabby metric of "session days"—that is to say, the unique number of individual calendar days that players have actually, you know, played a game. Shadows has, in the year to date, "generated 211 million session days" from among its playerbase, which Ubi says is 35% higher than the average for the two years prior.

Rainbow Six Siege likewise saw an increase in session days, but the company cops to the fact that "its move to free access" has bred "a temporary surge in cheating [that] has impacted activity and player spending versus expectations," though it promises it's all in-hand.

Aside from that? Well, the presentation accompanying the report notes Ubisoft's lineup of upcoming games. We've got DLC for Avatar, Rainbow Six Mobile, The Division Resurgence (another mobile thing), and the remake of Prince of Persia: The Sands of Time.

But included on that list is a blank box marked "Unannounced title." That could be anything, but for my money? I'd guess we might soon be laying eyes on the Assassin's Creed 4: Black Flag remake that everyone knows is coming but Ubi refuses to let anyone speak about.

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Joshua Wolens
News Writer

One of Josh's first memories is of playing Quake 2 on the family computer when he was much too young to be doing that, and he's been irreparably game-brained ever since. His writing has been featured in Vice, Fanbyte, and the Financial Times. He'll play pretty much anything, and has written far too much on everything from visual novels to Assassin's Creed. His most profound loves are for CRPGs, immersive sims, and any game whose ambition outstrips its budget. He thinks you're all far too mean about Deus Ex: Invisible War.

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