Ubisoft Q1 Net Bookings €290M Vs. €300M Consensus; Q1 IFRS 15 Sales €323.5M, Up 12% YoY; Outlook Q2: Net Bookings Around €500M; 2024/2025 Outlook Confirmed; Releasing Star Wars Outlaws On August 30, 2024, And Assassin's Creed Shadows On November 15, 2024
Portfolio Pulse from Benzinga Newsdesk
Ubisoft reported Q1 net bookings of €290M, missing the €300M consensus, but Q1 IFRS 15 sales were up 12% YoY to €323.5M. The company expects Q2 net bookings around €500M and confirmed its 2024/2025 outlook. Ubisoft will release 'Star Wars Outlaws' on August 30, 2024, and 'Assassin's Creed Shadows' on November 15, 2024.
July 18, 2024 | 3:42 pm
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POSITIVE IMPACT
Ubisoft's Q1 net bookings missed expectations, but sales increased 12% YoY. The company has a strong Q2 outlook and confirmed its 2024/2025 guidance. Upcoming game releases could drive future revenue.
Despite missing Q1 net bookings expectations, Ubisoft's sales growth and strong Q2 outlook, along with the confirmation of its 2024/2025 guidance, are positive indicators. The upcoming game releases are likely to boost future revenue.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100