(CercleFinance.com) – The company today updates its financial objectives for 2022-23 and announces its first objectives for 2023-24.
Ubisoft is today revising its net bookings target for the 3rd quarter of 2022-23, now expected at around 725 ME against a previous target of around 830 ME. “This reflects the more difficult environment, which notably resulted in a below-expectation performance of Mario + Rabbids: Sparks of Hope and Just Dance 2023,” the band said.
Ubisoft is revising its objectives for the full year, with net bookings now expected to be down more than 10% compared to the previous year, against the previously communicated objective of growth of more than 10%.
Non-IFRS operating profit, reflecting the drop in net bookings, the postponement of Skull and Bones and the accelerated depreciation of around €500m of capitalized R&D, is now expected at -€500m versus €400m previously.
Ubisoft also communicates its non-IFRS 2023-24 operating profit target at around 400 ME.
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