Ubisoft's Sales Surge, Shares Rebound

Ubisofts shares surged after a trading suspension, following stronger-than-expected sales in Q2. Net bookings soared by 39% to €490.8 million, driven by partnerships and a robust game catalog. The company, known for Assassins Creed, had previously halted trading due to a loan term breach but quickly addressed the issue. Shares initially dropped but rebounded, reflecting investor confidence in Ubisofts turnaround plan, which includes creating creative houses and a strong game lineup for the fiscal year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.