So, their debt to core profit ratio is worse than previously reported, having crossed a creditor limit, but they're servicing some debt early in response to that and have actually beaten their earnings guidance?
Seems this was mainly bad news for their creditors / banks, it's an accounting error rather than some multi-year fraud story. The stock is even slightly up today. Never a boring day with Ubisoft as of late 😅, now give me that Splinter Cell remake pls
So, their debt to core profit ratio is worse than previously reported, having crossed a creditor limit, but they're servicing some debt early in response to that and have actually beaten their earnings guidance?
Seems this was mainly bad news for their creditors / banks, it's an accounting error rather than some multi-year fraud story. The stock is even slightly up today. Never a boring day with Ubisoft as of late 😅, now give me that Splinter Cell remake pls
Deleted a previous comment because I had mis-read the share price's date.
Yes, it is remarkable Ubisoft's share price actually went up today.
Yeah, there's barely anywhere else for it to go! 😅