French video game producer Ubisoft confirmed on Thursday its guidance for the current financial year, as the company expressed confidence in its line-up after exceeding its net booking estimate for the second quarter.
The maker of the popular “Rainbow Six” franchise reported net bookings of 554.8 million euros ($584.43 million) for the three months ending on September 30, significantly surpassing its target of 350 million euros. This strong performance has given Ubisoft the assurance to maintain its forecast of a full-year non-IFRS operating income of approximately 400 million euros.
Despite facing challenges such as game cancellations and delays in recent times, Ubisoft remains optimistic about its future prospects. It has not disclosed the details of the undisclosed large game it had initially planned to launch during the last quarter of the current fiscal year.
The success of Ubisoft’s net bookings is a positive sign for the company, indicating that its games are resonating well with consumers and contributing to its financial growth. With a dedicated fan base and a strong portfolio of intellectual properties, including franchises like “Assassin’s Creed” and “Far Cry,” Ubisoft is well-positioned to continue its momentum in the gaming industry.
This confirmation of Ubisoft’s guidance highlights the company’s commitment to transparency and its willingness to keep shareholders informed about its performance. By maintaining its forecast, Ubisoft is displaying confidence in the strength of its games pipeline and its ability to drive revenue in the coming months.
Ubisoft’s positive financial results also demonstrate the resilience of the gaming industry, which has experienced significant growth in recent years. As people spend more time at home, the demand for video games and interactive entertainment has surged, providing opportunities for companies like Ubisoft to capitalize on this trend.
With its ongoing investments in new technologies and talent, Ubisoft aims to continue innovating and delivering high-quality gaming experiences to its global audience. As the company navigates the evolving landscape of the gaming industry, its commitment to creativity and excellence remains unwavering.
Overall, Ubisoft’s strong net bookings and reaffirmed guidance showcase the company’s ability to adapt and thrive in a competitive market. With a solid line-up of games and a dedicated team, Ubisoft is well-positioned to build on its success and deliver value to both players and shareholders.
($1 = 0.9493 euros)
Reporting by Enrico Sciacovelli and Olivier Cherfan, editing Jane Merriman
