Ubisoft Entertainment (OTCPK:UBSFY)
$ 2.45 0.04 (1.66%) Market Cap: 1.60 Bil Enterprise Value: 3.12 Bil PE Ratio: 0 PB Ratio: 0.90 GF Score: 52/100
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Half Year 2023 Ubisoft Entertainment SA Earnings Call Transcript

Oct 27, 2022 / 04:15PM GMT
Release Date Price: $5.35 (+0.50%)
Operator

Good day, and thank you for standing by. Welcome to the Ubisoft First Half 2023 Earnings Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Yves Guillemot. Please go ahead.

Yves Guillemot
Ubisoft Entertainment SA - Co-Founder, Chairman, CEO, President & Chief Creative Officer

Welcome, everyone, and thank you for joining the call today. We posted a solid performance this semester, outperforming our expectations, notably thanks to the strength of our back catalog driven by the Rainbow Six and Assassin's Creed franchises. This puts us on the right track to reach our EUR 400 million non-IFRS EBIT objective this fiscal year.

This semester, we continued to transform Ubisoft. We are focusing our resources on our biggest opportunities while adapting our organization as identified by the newly announced Global Creative Office and our ongoing cost optimization efforts.

During our recent Ubisoft Forward event, we revealed

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