Ubisoft confirms its financial objectives

(AOF) – Ubisoft reported its performance counting for its third quarter 2023-2024. Net bookings, the equivalent of turnover, amounted to 626.2 million euros, slightly above the target of around 610 million euros, after 726.9 million euros a year earlier during the same period, a decline of 13.8%.

“Our performance is driven by the launches of Assassin’s Creed Mirage and Avatar: Frontiers of Pandora, but also by the continuation of the strong trajectory of The Crew Motorfest, as well as the robust performance of our back-catalogue,” underlines Yves Guillemot, co-founder and CEO of the Ubisoft group.

Before adding: “The fourth quarter represents an opportunity to capitalize on this momentum, with the launch of Prince of Persia: The Lost Crown, a game that illustrates Ubisoft’s ability to revive iconic brands.”

In terms of prospects for the 2023-2024 financial year, the video game publisher confirms its financial objectives of strong growth in net bookings and non-IFRS operating income of around 400 million euros. It forecasts a sharp increase in net bookings in the fourth quarter, which will lead to a record annual net bookings.

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