France's Ubisoft tops guidance for Q1 net bookings on strong GaaS engagement
Corrects July 18 story to say Ubisoft beat its own forecast but missed consensus for net bookings in headline and paragraphs 1 and 4; removes extraneous words in paragraphs 5 and 9
July 18 (Reuters) -French video game maker Ubisoft UBI.PA reported first-quarter net bookings above its own forecast on Thursday, citing robust engagement metrics driven by its Game-as-a-Service (GaaS) franchises.
After four years of negative cash flows due to game cancellations and delays, the current financial year could prove to be a turnaround one, as Ubisoft is set to launch two high-profile games in the coming months, adding to the expected benefits from its new subscription model.
"The quarter was marked by strong session days growth of 15% across Consoles and PC," Assassin's Creed maker said in a press release.
Quarterly bookings were 290 million euros ($316.25 million)versus Ubisoft's own forecast of 275 million euros. That was still below a consensus of 300 million euros, as cited by TD Cowen in a preview note.
The family-owned company expects second quarter net bookings to come at around 500 million euros, boosted by the launch of Star Wars Outlaws on Aug. 30, said group CFO Frederick Duguet during a media call.
Net bookings growth should be supported by the continuation of group-wide cost reduction plan and, as Duguet put it, "targeted restructurations", which might translate into potential layoffs. "Headcount is set to continue decreasing in this last quarter," he said.
Rainbow Six Mobile and The Division Resurgence are no longer expected in 2025. The release date of "Assasin's Creed Shadows" is maintained, on Nov. 15.
The group reiterated that it expects solid net bookings growth, a slight increase in operating profit and a positive cash flow in the 2025 fiscal year that started in April.
Some analysts expect the video game industry to return to growth from 2025, driven by a mix of new content, evolving business models and new platforms.
($1 = 0.9170 euros)
Reporting by Alban Kacher and Michal Aleksandrowicz; editing by David Evans
免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。