Ubisoft invests in free-to-play games, signals profits might fall

By Enrico Sciacovelli and Kate Entringer
FILE PHOTO The UbiSoft Entertainment logo is seen at the Paris Games Week PGW a trade fair for video games in Paris France October 29 2019. REUTERSBenoit TessierFile Photo

FILE PHOTO: The UbiSoft Entertainment logo is seen at the Paris Games Week (PGW), a trade fair for video games in Paris, France, October 29, 2019. REUTERS/Benoit Tessier/File Photo

(Reuters) - French video games company Ubisoft warned operating profit might fall this financial year as the maker of "Assassin's Creed" invests in new titles and laps a surge in gaming at the start of coronavirus lockdowns.

However, the company said on Tuesday a strong back catalogue and new releases should help net bookings grow by a "single digit" percentage, after a 46% leap in the year ended March 31.

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