UBISOFT REPORTS FIRST-HALF 2023-24 EARNINGS
Stock jumps around 10% intraday to settle at around 5% plus on Friday Trading.
Non IFRS Operating Income finally back in the PLUS with 43,5M EUR.
Net bookings for Q2 up due to success of AC Mirage and The Crew Motorfest.
Surprising success of back-catalogue performance with Rainbow Six Siege, older Assassin's Creed titles and The Crew 2.
Also, acquisition of Activision Blizzard cloud streaming rights finalized. Giving Ubisoft the perpetual cloud streaming rights for Call of Duty and all other existing Activision Blizzard Console and PC titles as well as those releasing over the next 15 years. With the right to license them to third parties.
For me as a shareholder very important, the cost reduction plan well on track. With the continued tight control on recruitments as well as targeted restructurings, the total number of employees worldwide stood at 19,410 at the end of September 2023, compared to 20,729 at the end of September 2022. During the same period, employee retention has improved.
Do you remember? Present at Apple’s Keynote to announce Assassin’s Creed Mirage on mobile. Assassin’s Creed Mirage will be launched on iPhone 15 Pro.
Outlook: Net bookings for the third quarter of 2023-24 are expected to come in at approximately 610 M€.
The Company can therefore confirm its announced guidance of strong top line growth and non-IFRS operating income of approximately €400 million, without releasing the other large game it had initially planned to launch during the last quarter of the current fiscal year.
(NO FINANCIAL ADVICE; I AM INVESTED IN UBISOFT)
#ubisoft #AssassinsCreedMirage
INVESTED IN STOCKS IN THE VIDEO.
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