Ubisoft’s lighter release schedule still beat earnings expectations for its fiscal Q1

Ubisoft didn’t have a Watch Dogs or other major release last quarter, but the French publisher still outperformed its expectations.

The company announced the results of its fiscal first quarter today, and it revealed that it generated $107 million (€97 million) for the three months ending June 30. That is actually down a huge 73.2 percent compared to the $397.3 million (€360.1 million) in revenue from the same period last year. But that drop was completely expected, as Ubisoft released Watch Dogs during its fiscal Q1 2015, and it didn’t have a comparable launch during Q1 2016.