Ubisoft reports 52% drop in Q3 net bookings, in line with guidance

FILE PHOTO: UbiSoft Entertainment logo is seen at the Paris Games Week (PGW), a trade fair for video games in Paris, France, October 27, 2024. REUTERS/Sarah Meyssonnier/File Photo

(Reuters) - France's largest video game maker Ubisoft reported on Thursday a 52% year-on-year fall in third quarter net bookings as the company has been plagued by the underperformance of some of its key titles.

The maker of the blockbuster franchise "Assassin's Creed" reported net bookings of 301.8 million euros ($314.69 million) for the three months ending December 31, in line with its revised guidance of about 300 million euros.