Video game maker Ubisoft swings to full-year operating profit on record bookings

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Tentative trial dates set for four teens charged with murder | SaltWire #newsupdate #halifax #court - French video games group Ubisoft swung to an operating profit for its full-year to end-March, it said on Wednesday, as record bookings helped it reverse a year earlier loss of 500 million euros, its biggest ever.

During the year, the company reported strong growth in both the"Rainbow Six" and"Assassin's Creed" franchises as well as new releases, driving bookings up and compensating for the long-delayed"Skull & Bones" game. Skull & Bones got off to a"slightly slower start than expected", Ubisoft CFO Frederick Duguet said during a call with journalists, adding that it still had the second-best daily playtime for a Ubisoft game.

To address concerns from Britain's antitrust regulator regarding Microsoft's acquisition of"Call of Duty" maker Activision Blizzard, the latter agreed to sell its streaming rights to Ubisoft.

 

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Video game maker Ubisoft swings to full-year operating profit on record bookingsFrench video games group Ubisoft swung to an operating profit for its full-year to end-March, it said on Wednesday, as record bookings helped it reverse a...
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