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Game delays force French game maker Ubisoft to cut annual guidance

(Reuters) – French video game group Ubisoft cut its full-year forecasts on Thursday, held back by game delays.

The maker of the blockbuster “Assassin’s Creed” franchise now expects net bookings for its 2021-22 fiscal year to be flat to slightly down year-on-year.

It however confirmed its non-IFRS operating income target of between 420 million euros and 500 million euros ($490.98 million-$584.50 million).

For the year ending March 2022, Ubisoft had previously guided for single-digit net bookings growth.

($1 = 0.8554 euros)

(Reporting by Valentine Baldassari; Editing by Kirsten Donovan)



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