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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.
Last month Ubisoft had prepared investors that results were going to be disappointin…..
On January 11, 2023 Ubisoft announced it is lowering its bookings target for the third quarter FY 23 ending 12/31/22. The initial target of €830 million has been lowered to €725 million. The company also announced a new strategic focus that included the cancellation of three unannounced projects and another delay for Skull and Bones.
It is no secret that Ubisoft (UBI.PA) has been a mess for…..
It is no secret that Ubisoft (UBI.PA) has had a rough few years. In 2022, the stock price was down almost 40%. However, the decline had started well before. Ubisoft’s market value has lost about 73% since its peak in mid-2018.
Ubisoft has quite a few projects in the works and they need them to do well. Skull & Bones is a much delayed game that is scheduled for release this March. Avatar: Frontiers of Pandora is an open-work game set in the universe o…..