Ubisoft: strategic review of FY 2024-25

(CercleFinance.com) - Ubisoft yesterday announced that it has mandated leading advisors to study and pursue various transformative strategic and capital-intensive options.


On the operational front, the company will continue to implement significant cost reductions, while adopting a highly selective approach to investments, and now expects to exceed a E200m reduction in its fixed cost base by FY 2025-26 compared with FY 2022-23, on an annualised basis.

Net bookings for Q3 2024-25 are now expected to be around E300m.

Ubisoft still expects non-IFRS operating income and free cash flow to be close to breakeven for FY 2024-25.

Net bookings are now expected to be around E1.9bn, and include new partnership opportunities for Ubisoft's games and franchises, as well as for the monetisation of streaming rights acquired during the last fiscal year.


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