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Ubisoft lowers its forecasts for the whole year and postpones the first of its games.

The French video game group Ubisoft lowered its forecasts for the whole year on Thursday, and delayed three new major releases the following year.

The free game “Tom Clancy’s The Division Heartland”, which is scheduled for release in 2021-22, is now scheduled to be released in 2022-23, Ubisoft said, as did “Prince of Persia: The Sands of Time” and “Rocksmith +”, two titles that were already delayed this year.

Although Ubisoft had a record number of orders last year, as health restrictions related to the coronavirus forced people to go to home entertainment, these restrictions also caused a decline in production efficiency in the United States. lack of components that have reduced the production of gaming equipment.

In July, Ubisoft postponed the release of the sports game “Riders Republic” and the multiplayer shooter “Tom Clancy’s Rainbow Six Extraction” to October and January, respectively.

The Polish competitor CD Projekt is facing similar problems, postponing the release of the next generation of console versions “Cyberpunk 2077” and “The Witcher 3” 2022 instead of late in 2021.

Ubisoft, producer of the hit “Assassin’s Creed” franchise, now expects net orders for 2021-22, the net number of products and services sold over a period, to be stable or slightly lower than the year before, compared to previous single-digit forecasts. increase.

“Not unexpected, but still disappointing,” wrote Credit Suisse analyst Matthew Walker in a note to customers, referring to gaming delays and Ubisoft’s net revenue forecast under the € 725 million consensus. . 780 million euros ($ 847 million – $ 911 million) for October-December.

Sustained sales of “Assassin’s Creed Valhalla”, the latest installment of the franchise launched in November last year, helped Ubisoft beat its own forecast and consensus for the quarter ended September, with net income of $ 392.1 million.

($ 1 = 0.8562 euros) (Information from Valentine Baldassari; Edited by Kirsten Donovan and Susan Fenton)

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