Ubisoft (UBSFY) said its fiscal Q3 net bookings are now expected at around EUR 300M, primarily reflecting lower than expected Holiday sales, mainly for Star Wars Outlaws, as well as the discontinuation of XDefiant. “Ubisoft still expects approximately break-even non-IFRS operating income and free cash flow for FY2024-25. Net bookings are now expected to come in at around EUR 1.9 billion, and include new partnership opportunities for Ubisoft’s games and franchises as well as for the monetization of the streaming rights acquired last fiscal year,” the company added.
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