Ubisoft sees FY23 operating income in the red, Bloomberg says

Ubisoft anticipataes FY23 operating income being int he red as delayed games and lower net bookings hurt the video game publisher’s results, Bloomberg’s Benoit Berthelot reports. The company sees an operating loss of EUR500M for the current fiscal year, compared to the EUR400M it forecast in its last earnings report, the author says. Ubisoft said it is facing "major challenges" in the industry, including worsening macroeconomic conditions, as recent game releases "have not performed as well as expected," the author notes.