Analyst Note| Neil Macker |
Ubisoft met fiscal third-quarter expectations as net bookings of EUR 726 million came in line with the recently revised and lowered guidance. Ubisoft only reports revenue for its fiscal first and third quarters. The firm announced that its fiscal 2024 slate includes three AAA titles, two major mobile games, and two new live service titles, including the oft-delayed Skull and Bones. We are maintaining our EUR 35 fair value estimate.