Two of Ubisoft's big releases have performed below expectations, the company has stated during an investor's call. The next fiscal year forecast was revised due to the delays of Watch Dogs and The Crew, but Ubisoft acknowledged that missing targets for Splinter Cell: Blacklist and Rayman Legends played a role too.
The initial forecast for FY 2013 was $1.94 billion, but that figure has been revised to $1.38 billion. CFO Alain Martinez said in the call (via CVG) that the drop was "principally explained" by the delays. "The remainder is explained by a lower expectation on already released titles, which sales are impacted by the transition to the next generation of consoles, as well as exchange rate impacts," he said. Later in the call, he specified Splinter Cell, Rayman, and "others" as games that have performed below expectations.
He said that Watch Dogs was trending towards the upper end of their predictions, while CEO Yves Guillemot pointed out that the delay will help it become a major franchise for the company.
"In a world of mega-blockbusters we have come to the conclusion that the team needed more time to realise the game's potential," Guillemot said. "We consider it to be a long term pillar of our future performance, alongside the likes of Assassin's Creed and Far Cry."