Ubisoft reported Q1 fiscal 2023-24 net bookings of €267.7 million, an 8-9% year-over-year decline that nonetheless exceeded the company's internal target of €240 million.
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Live-service titles Tom Clancy’s Rainbow Six Siege and The Division 2 drove performance with double-digit growth in both net bookings and daily active users.
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Digital net bookings accounted for 90% of total revenue, despite an overall 8% decline in the digital segment and a 17% drop in player-recurring investment (PRI).
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The company confirmed a Q2 net booking target of €350 million and maintains a full-year operating income goal of approximately €400 million.
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The upcoming 2023-24 release slate features major titles including Assassin’s Creed Mirage, Avatar: Frontiers of Pandora, The Crew Motorfest, and XDefiant.
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Ubisoft is expanding its mobile strategy through a publishing partnership with Tencent’s Level Infinite for the title Assassin’s Creed Codename Jade.
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North America remains the primary market, contributing 51% of total bookings, while console platforms lead distribution at 50% of total bookings.
Insights
01
Ubisoft reported Q1 fiscal 2023-24 net bookings of €267.7 million, an 8-9% year-over-year decline that nonetheless exceeded the company's internal target of €240 million.
02
Live-service titles Tom Clancy’s Rainbow Six Siege and The Division 2 drove performance with double-digit growth in both net bookings and daily active users.
03
Digital net bookings accounted for 90% of total revenue, despite an overall 8% decline in the digital segment and a 17% drop in player-recurring investment (PRI).
04
The company confirmed a Q2 net booking target of €350 million and maintains a full-year operating income goal of approximately €400 million.
05
The upcoming 2023-24 release slate features major titles including Assassin’s Creed Mirage, Avatar: Frontiers of Pandora, The Crew Motorfest, and XDefiant.
06
Ubisoft is expanding its mobile strategy through a publishing partnership with Tencent’s Level Infinite for the title Assassin’s Creed Codename Jade.
07
North America remains the primary market, contributing 51% of total bookings, while console platforms lead distribution at 50% of total bookings.