Ubisoft invests in free-to-play games, signals profits might fall
FILE PHOTO: The UbiSoft Entertainment logo is seen at the Paris Games Week (PGW), a trade fair for video games in Paris, France, October 29, 2019. REUTERS/Benoit Tessier/File Photo
May 11, 2021
By Enrico Sciacovelli and Kate Entringer
(Reuters) – French video games company Ubisoft warned operating profit might fall this financial year as the maker of “Assassin’s Creed” invests in new titles and laps a surge in gaming at the start of coronavirus lockdowns.
However, the company said on Tuesday a strong back catalogue and new releases should help net bookings grow by a “single digit” percentage, after a 46% leap in the year ended March 31.