Ubisoft Forecasts Operating Loss After Game Sales Disappoint
- The French studio announced a €500 million writedown
- Holiday games Rabidds and Just Dance had disappointing sales
Ubisoft plans to release a new Assassin’s Creed game.
Source: Ubisoft Entertainment SA
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Ubisoft Entertainment SA said it expects full-year operating income will be in the red as delayed games and lower net bookings hurt the French game studio’s bottom line.
The company expects an operating loss of €500 million ($538 million) for the current fiscal year, it said in a statement Wednesday, compared to an operating profit of €400 million it forecast when it published its most recent results.