Splinter Cell: Blacklist and Rayman Legends have both failed to meet Ubisoft’s sales expectations, the publisher has admitted.

Ubisoft noted the games had missed the company’s own targets in a conference call to investors last night, and said that this had contributed to a lowered financial outlook.

The publisher has reduced its revenue expectations for the current financial year from $1.94 billion down to $1.38bn.

However the bulk of the blame lies with the delays of both open-world games the shooter Watch Dogs and the racer The Crew, which Ubisoft announced yesterday would now both launch later than expected.

Watch Dogs is now scheduled for “spring 2014”, while The Crew will follow in Q3.

“As we have said we have experienced lower sales than we anticipated when we gave our targets,” Ubisoft exec Alain Martinez explained, naming “already released games such as Splinter Cell, Rayman and others.”

Rayman Legends launched in August to a glowing critical reception and higher sales than predecessor Rayman Oranges. But Ubisoft concluded that both games’ releases had suffered due to the impending launch of next-gen consoles, with customers more reluctant to invest in new current-gen titles.