Ubisoft’s Shares Skyrocket 19% as Assassin’s Creed Aims for Record Sales

  • Ubisoft confirms strong financial results for Q4 2023
  • Successful launches of new titles contribute to positive outlook
  • Company expects to meet full-year guidance and generate €400 million in income


Ubisoft Entertainment, the renowned French video game maker, has announced that it is on track to achieve record sales for the financial year ending in March. This news comes as a relief to investors who had concerns about the company potentially cutting its guidance for the full-year 2024. With the successful launches of new titles such as “Prince of Persia: The Lost Crown” and “Assassin’s Creed Mirage,” Ubisoft is now set to achieve its own guidance for the full year 2024 and post strong topline growth. As a result, shares in Ubisoft have surged 19%, signaling a positive turn for the company.

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Strong Financial Results for Q4 2023

In results published late on Thursday, Ubisoft confirmed its outlook for the financial year 2024. The company reported strong financial results for the three months ending in December, surpassing its own €610 million bookings guidance by generating net bookings worth €626.2 million. This performance demonstrates Ubisoft’s ability to exceed expectations and points towards a promising future.

Recovery from Losses and Setbacks

Ubisoft faced significant challenges in the financial year ending in March 2023, posting a record loss due to a sharp drop in sales following the end of a COVID-19 related boom. The company’s share price decline was further exacerbated by delays and game cancellations, resulting in a loss of €500.2 million for the year. However, the latest results indicate a turnaround for Ubisoft, instilling renewed confidence in investors.

Positive Outlook and Impressive Pipeline

Despite investor fears of a guidance cut, Ubisoft remains optimistic about its future prospects. The company expects to meet its guidance and generate €400 million worth of income in the full-year ending in March 2024, thanks to its strong performance and guidance-beating bookings. Deutsche Bank analysts, led by Jenny Voigtlaender, believe these stronger-than-expected results will help restore positive sentiment in the company, especially considering the impressive pipeline of games planned for FY-25.

Continued Success and Back Catalog

Ubisoft’s success in the three months ending in March is attributed to strong demand for its new releases, despite the underwhelming performance of “Avatar: Frontiers of Pandora.” In addition to new titles, the strength of the company’s back catalog, including games such as “Tom Clancy’s Rainbow Six Siege,” has contributed to its solid financial performance. Ubisoft saw a 43.1% increase in net bookings during this period, with playtime for “Tom Clancy’s Rainbow Six Siege” alone increasing by 60% year on year.


The surge in Ubisoft Entertainment shares following the company’s announcement of record sales for the financial year ending in March is a positive sign for investors. The successful launches of new titles and the strong performance of its back catalog have contributed to Ubisoft’s positive outlook. As the company looks ahead to the release of highly anticipated games such as “Star Wars Outlaws” and “Assassin’s Creed Codename Red,” it is poised for continued success. Shareholders and gaming enthusiasts alike can be optimistic about Ubisoft’s future.

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