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Ubisoft's Q1 bookings beat guidance despite declining year over year, while recurring player spending remained resilient across its existing portfolio. Assassin's Creed Black Flag Resynced exceeded full-year sales expectations within two weeks and should contribute positively in Q2. Ubisoft still trades at a steep discount to gaming peers, with my base-case price target implying approximately 14.5% upside.

Ubisoft Entertainment (OTC:UBSFF, EPA:UBI) has been downgraded to ‘Neutral' from ‘Outperform' by Wedbush analysts, who also lowered its price target to €5 from €12, citing reduced confidence in the company's financing strategy and future content pipeline visibility. Shares of Ubisoft are down about 24% so far in the year to date, trading at about €5 on Friday.

Ubisoft Entertainment SA (UBSFY) Q1 2027 Sales/Trading Call Transcript

The French videogame group reported a 9.2% slip in first-quarter net bookings, but said the success of its video game remake showed its operations overhaul is paying off.

French video game maker Ubisoft stuck to its annual targets on Thursday after ​first-quarter bookings came in slightly above guidance, while ‌the group continued to cut costs and gave limited new detail on its future release slate.