Ubisoft Entertainment (UBSFY, Financial) anticipates a significant drop in its third-quarter net bookings due to ongoing strategic evaluations and a delayed release of its major game, Assassin's Creed. The French gaming company has appointed key advisors to conduct a strategic review amid investor pressure for privatization.
The release date for Assassin's Creed has been postponed from February 14 to March 20, marking the second delay for this game. Ubisoft projects net bookings of approximately €300 million (around $309.6 million) for the quarter ending December, representing a 52% year-over-year decrease. This figure falls short of the company's previous estimate of €380 million.
Analysts had forecasted Ubisoft's third-quarter net bookings to be €385.5 million, according to Visible Alpha's average expectations. The company attributes the decline to lower-than-expected holiday season sales and challenges within its gaming operations.
For the full fiscal year, Ubisoft expects net bookings to reach approximately €1.9 billion.
