Ubisoft revenue down as expected thanks to console transition

Ubisoft is excited about the future of Xbox One and PlayStation 4 as well as its franchises, but it just isn’t very excited about the present.

The publisher revealed that its total revenue was down to $709 million during the third quarter of its fiscal 2013-14, which ended Dec. 31. That’s a drop of 35 percent from $1.09 billion compared to the same period last year. For the first nine months of Ubisoft’s fiscal year, sales are down 25 percent to $1.11 billion from $1.47 billion year-over-year.