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Ubisoft Entertainment SA (UBSFY)
- Reuters
France's Ubisoft sees "solid" bookings growth after swinging back to profit
(Reuters) -French video games group Ubisoft expects "solid" growth in net bookings during the current financial year, it said on Wednesday, as it prepares for the launch of new titles "Star Wars Outlaws" and "Assassin's Creed Shadows". For the company's first quarter to end-June, net bookings should total around 275 million euros ($298.60 million), it added. "This very promising line-up gives us confidence in our ability to achieve the financial targets we have set ourselves for 2024-2025," CFO Frederick Duguet said during a call with journalists.
- Globe Newswire
Ubisoft Reports Full-Year 2023-24 Earnings Figures
UBISOFT REPORTS FULL-YEAR 2023-24 EARNINGS FIGURES Record annual and Q4 net bookings FY24 non-IFRS operating income of €401m, in line with target Cost reduction program on track Solid growth expected in FY25 with strong pipeline: Star Wars Outlaws™ and Assassin’s Creed® Shadows, two of the most anticipated releases of the year Strategic focus sharpened on two verticals:Open World Adventures and native Games-as-a-Service 2023-24(In €m) Reported change vs. 2022-23 In % of total net bookings 12 mon
- Yahoo Finance Video
Gaming industry: How to level up your investments
The video game industry has taken a hit as layoffs have affected multiple companies. Video game stocks like Electronic Arts (EA) and Take-Two Interactive (TTWO) remain down year-to-date, but is there optimism on the horizon for the industry? Wedbush Securities Managing Director Michael Pachter joins Yahoo Finance to give insight into the health of the gaming industry and what investors need to know when adding gaming picks to their portfolios. Pachter explains why Ubisoft (UBI.PA) is a Wedbush top pick in the gaming sector: "In that Activision-Microsoft (MSFT) merger, the UK regulators kind of stuck their nose in the middle of all of it, forced Activision to sell the global streaming rights to its content to somebody else and Ubisoft stepped in and astutely bought up those assets for not very much money. I think they're going to get big checks from Microsoft, growing every year for the next several years." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
