Ubisoft

Ubisoft Reports Q1 Net Bookings Fall 9%

Ubisoft reported Q1 net bookings of €256 million, down 9% year over year but slightly above guidance, led by Invincible: Guarding the Globe while catalog performance lagged after last year's Assassin’s Creed Shadows release. The company highlighted the strong early performance of Assassin’s Creed Black Flag Resynced (3.5 million copies sold in two weeks) as a potential sign of turnaround and reiterated its guidance for a high single-digit decline in net bookings with restructuring continuing into the next quarter.