What is Ubisoft's current financial outlook regarding debt?

Ubisoft expects to have between 1.25 billion and 1.35 billion euros in cash by the end of March, which will be fully available to service upcoming debt maturities.

What structural changes is Ubisoft implementing?

Ubisoft is discontinuing and postponing several games, closing studios, and cutting financial targets as part of its turnaround efforts.

How has Ubisoft's stock performed recently?

Ubisoft shares climbed significantly on Friday, recovering some losses, though the stock remains down nearly 30% since January and about 90% since the end of 2021.

Home / Business and Economy / Ubisoft Shares Surge on Debt Management News

Ubisoft Shares Surge on Debt Management News

14 Feb

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Summary

Ubisoft expects sufficient cash to service upcoming debt maturities.
The company is implementing structural changes and game portfolio adjustments.
Share performance has declined significantly since the end of 2021.

Ubisoft Shares Surge on Debt Management News

Ubisoft Entertainment's stock saw a notable rise, signaling investor confidence as the company addressed its financial obligations. The videogame maker projects having between 1.25 billion and 1.35 billion euros in cash by the end of March, sufficient to cover upcoming debt maturities. This financial stability is crucial as Ubisoft navigates a strategic turnaround.

To bolster its business, Ubisoft has initiated structural changes, including discontinuing and postponing several games and closing studios. These measures aim to rectify issues stemming from production delays and glitches that plagued recent years, particularly after a pandemic-driven surge in player engagement.

The company's financial performance has been challenged, with shares down significantly since the end of 2021. Net bookings for the quarter ending December 31 were 338 million euros, a 12% year-on-year increase. Ubisoft anticipates full-year net bookings of around 1.5 billion euros.

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