Ubisoft Reports Disappointing Third Quarter
For the third fiscal quarter ending 12/31/22 Ubisoft (UBI.PA) reported revenue of €773 million on bookings of €727 million. Bookings were down 2.6% over the previous year. For the full year fiscal 2023 ending 3/31/23, Ubisoft expects bookings to be down more than 10% with operating income (loss) of -€500 million.
Analysis
Last month Ubisoft had prepared investors that results were going .....