Ubisoft: plunge after earnings warning
The video game publisher now expects net bookings to fall by more than 10% over its 2022-23 financial year, instead of growing by more than 10%, as well as non-IFRS operating income of -500 million euros, compared with 400 million previously.
This reflects the more difficult environment, which was notably reflected in the lower-than-expected performance of 'Mario + Rabbids: Sparks of Hope' and 'Just Dance 2023'," said Ubisoft on Wednesday evening.
We are dismayed by the scale of the difficulties encountered by Ubisoft, which have led to a sharp downward revision of our earnings forecasts (including -22% on average for adjusted ROC for fiscal years 2024 and 2025)", reacted Oddo.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction