Ubisoft Announces Losses In Line With Guidance During Restructuring Process
Ubisoft has presented its figures for the financial year ending in March. Turnover fell significantly, and the result slipped into negative territory. Nevertheless, confidence prevails, as both outcomes were expected given the ongoing reorganisation process.
These are certainly not figures to be particularly happy about. Ubisoft's net bookings for the financial year ending March 2021 amounted to €1.85 billion – a 20.5% decrease compared to the previous year. Operating income, according to IFRS accounting standards, was €82.6 million. Non-IFRS earnings were also in the red, showing a loss of €15.3 million.
These are certainly not figures to be particularly happy about. Ubisoft's net bookings for the financial year ending March 2021 amounted to €1.85 billion – a 20.5% decrease compared to the previous year. Operating income, according to IFRS accounting standards, was €82.6 million. Non-IFRS earnings were also in the red, showing a loss of €15.3 million.
