Ubisoft exceeded Q2 FY24 expectations with €555 million in net bookings, significantly outperforming the €350 million target driven by the launches of The Crew Motorfest and Assassin’s Creed Mirage.
02
Non-IFRS operating income turned profitable at €43.5 million for H1 FY24, a substantial improvement from the €139.0 million loss recorded in the same period last year.
03
H1 FY24 net bookings grew 17.6% year-on-year to €822.4 million, supported by an 87% digital revenue mix and a 22% increase in player-generated revenue to €514 million.
04
Operating expenses decreased by 15% to €819.9 million during H1, reflecting disciplined cost management in SG&A, marketing, and fixed structural expenses.
05
The company reported a negative free cash flow of €284.2 million for H1, primarily attributed to working capital requirements and a €218.8 million debt reduction.
06
Q3 FY24 projections estimate net bookings of approximately €610 million and non-IFRS operating income of €400 million, bolstered by upcoming flagship and live-service releases.
07
Unique active players reached 94 million in Q2, showing slight year-on-year growth, while monthly active users saw a marginal decline to 36 million.
Insights
01
Ubisoft exceeded Q2 FY24 expectations with €555 million in net bookings, significantly outperforming the €350 million target driven by the launches of The Crew Motorfest and Assassin’s Creed Mirage.
02
Non-IFRS operating income turned profitable at €43.5 million for H1 FY24, a substantial improvement from the €139.0 million loss recorded in the same period last year.
03
H1 FY24 net bookings grew 17.6% year-on-year to €822.4 million, supported by an 87% digital revenue mix and a 22% increase in player-generated revenue to €514 million.
04
Operating expenses decreased by 15% to €819.9 million during H1, reflecting disciplined cost management in SG&A, marketing, and fixed structural expenses.
05
The company reported a negative free cash flow of €284.2 million for H1, primarily attributed to working capital requirements and a €218.8 million debt reduction.
06
Q3 FY24 projections estimate net bookings of approximately €610 million and non-IFRS operating income of €400 million, bolstered by upcoming flagship and live-service releases.
07
Unique active players reached 94 million in Q2, showing slight year-on-year growth, while monthly active users saw a marginal decline to 36 million.