Ubisoft H1 2021 Earnings – Record Profits but Planned Delays
https://wccftech.com/ubisoft-h1-2021-earnings/
It was only three months ago that I posted about Ubisoft (EPA:UBI) posting record profits in the first quarter of the current (2021) financial year. It shouldn't come as a surprise that these companies are still benefitting from the same situation that they have been benefitting from since March, that being COVID-19, despite the fact it often goes unmentioned likely due to companies wishing to push the narrative that it is the strength of the business, not the climate caused by the pandemic.
There is no doubt that the games industry is going from strength to strength, but no industry has been able to capitalise on the current situation like video games. People are staying at home, not going out, and need something to do. Ubisoft CEO and Co-Founder, Yves Guillemot, has made a statement that seems to ignore the elephant in the room: