Financial PerformanceQ2 net bookings guidance was introduced at €500m, which is much lower than a BBG css / JPMe of €630-650m.
Product DelaysRainbow Six Mobile and The Division Resurgence (FTP) were delayed until after FY25 - while it is important to ensure the game is polished before release, delays mean more development spend and lower returns when they are eventually released.
Product EngagementAnalyst's checks on XDefiant's engagement suggest a fairly sharp fade off initial strength, with the recent start of Season 1 not reversing the downward trend.