Ubisoft Falls Most in 16 Months After Net Bookings Forecast Miss
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Ubisoft Entertainment SA shares fell the most in 16 months on Thursday after the French video game publisher warned bookings in the first fiscal quarter will be lower than analysts’ estimates.
Net bookings in the current quarter will be about €275 million ($299 million), Ubisoft said after market close on Wednesday. That compares with an average estimate of €376 million among analysts surveyed by Bloomberg.