In a meeting with investors, Ubisoft's Yves Guillemot said that the open-world shooter performed "way ahead of expectations" and would receive a sequel, reports CVG.
Copyright: UbisoftGuillemot promised that the gap between a third and fourth installment would be shorter than the four years between Far Cry 2 and Far Cry 3.
Ubisoft also revealed that Assassin's Creed 3 has sold 12 million copies, Just Dance 4 has reached 8 million sales and Assassin's Creed: Liberation for Vita has racked up 600,000 buys.
Released in November last year, Far Cry 3 returns to the tropical setting made famous by the first Far Cry.
The game's four-player co-operative mode takes place six months prior to the events of the single-player campaign.
It was supported with exclusive PS3 DLC in January, adding two co-operative chapters where the original multiplayer left off.
The chapters, titled Jailbreak and Redemption, are described as "the best of the best" with new missions, tougher fights and bigger competitions.
Far Cry 3 is available now on Xbox 360, PS3 and PC.
> Read Digital Spy's 'Far Cry 3' review
Watch a trailer for Far Cry 3 below: