Ubisoft Reports Strong Q2 Performance

By Mauro Orru

Shares of Ubisoft Entertainment soar in Friday morning trading. The French videogame maker has exceeded analysts’ expectations with impressive net bookings for its fiscal second quarter. The success can be attributed to the high demand for “Tom Clancy’s Rainbow Six Siege” shooter game and the recent launch of “Assassin’s Creed Mirage.”

As of 0720 GMT, Ubisoft shares are trading 8.5% higher at EUR28.15, indicating the market’s positive response to its performance.

During the three months ending in September, the group reported net bookings of €554.8 million ($586.1 million), marking a 37% increase year-over-year. This figure is well above Ubisoft’s own target of around €350 million.

Yves Guillemot, co-founder and chief executive of Ubisoft, attributed this growth to the outstanding performance of their back-catalog, particularly highlighting the success of “Rainbow Six Siege” in a highly competitive first-person shooter games market.

In addition to “Rainbow Six Siege,” the launches of “The Crew Motorfest” and “Assassin’s Creed Mirage” have also contributed significantly to the strong net bookings. These titles have attracted player numbers comparable to older successful Ubisoft titles like “Assassin’s Creed Origins” and “Assassin’s Creed Odyssey.”

Citi analysts noted that the net bookings have surpassed Visible Alpha consensus of €357 million, further cementing Ubisoft’s impressive performance.

Commenting on the results, the analysts stated, “Ubisoft has delivered a very strong set of 2Q net bookings which increase confidence in the achievability of FY guidance.”

Looking ahead, Ubisoft has set a target of approximately €610 million in net bookings for the current quarter. Furthermore, the company expects robust top-line growth throughout the fiscal year.