Ubisoft has announced that both Watch Dogs and The Crew have been delayed until 2014, and as a result the firm has lowered its sales expectations.
Ubisoft had initially expected to make $1.94 billion this fiscal year ending April 2014, but have dropped that expectation to $1.38 billion. The firm also warned investors that it believes it will no longer be profitable this financial year.
“Our long term goal is to win the next generation,” Ubisoft CEO Yves Guillemot said in a statement. “The tough decisions we are taking today to fully realize the major potential of our new creations have an impact on our short-term performance. We are convinced that, longer term, they will prove to be the right decisions both in terms of satisfaction for our fans and in terms of value creation for our shareholders. We are building franchises that will become perennial pillars of Ubisoft’s financial performance. In a context of growing successes for mega-blockbusters, the additional time given to the development of our titles will allow them to fulfill their huge ambitions and thus offer players even more exceptional experiences.”