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Investing.com -- Ubisoft Entertainment asked Euronext to resume trading of its shares and bonds after reporting higher-than-expected sales for its fiscal second quarter. Shares rose 5.5% on Friday.
The videogame maker posted net bookings of €490.8 million for the three months ending September, representing a 39% year-over-year increase. This figure exceeded both the company’s guidance of approximately €450 million and analysts’ consensus forecast of €448.8 million from Visible Alpha.
The French company attributed the strong performance to better-than-anticipated partnerships and solid sales from its back catalog of games.
Last week, Ubisoft postponed its results release and requested a trading halt for its shares and bonds as it worked to finalize its accounts. The company explained that an analysis of revenue recognition from a partnership had led it to restate its accounts for fiscal 2025, and stated it is now addressing the issue.
Ubisoft also announced that proceeds from its deal with Tencent will enable early repayment of loans and debt instruments totaling about €286 million. In March, the Chinese internet giant agreed to spend €1.16 billion for roughly a 25% stake in a new Ubisoft subsidiary. The company confirmed that all conditions for this deal have been satisfied.
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