By Mauro Orru and Adria Calatayud
Ubisoft Entertainment said it asked Euronext to resume trading of its shares and bonds after the videogame maker posted higher sales for its fiscal second quarter due to stronger-than-expected partnerships and a robust back catalog.
The French company last week postponed the release of results at the last minute and requested that Euronext halt trading of its shares and bonds as it finalized its accounts. It said an analysis of revenue recognition from a partnership led it to restate its accounts for fiscal 2025.
This meant the company failed to comply with terms of certain debt instruments as of Sept. 30, but Ubisoft said it is addressing the issue. Proceeds from a deal with China's Tencent Holdings due to close in the coming days will enable the early repayments of loans and debt instruments with an outstanding amount of about 286 million euros ($329.7 million).
Ubisoft struck a deal in March under which the Chinese internet giant agreed to spend 1.16 billion euros for a roughly 25% stake in a new subsidiary. All conditions for the deal have been satisfied, it said.
The company said net bookings for the three months to the end of September climbed 39% on year to 490.8 million euros, above company guidance of roughly 450 million euros and a Visible Alpha consensus forecast of 448.8 million euros.
Write to Mauro Orru at mauro.orru@wsj.com and to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
11-21-25 0310ET
