** Shares in Ubisoft Entertainment UBIP.PA surge 12% after the French video game company
delivered Q3 net bookings
slightly above its pre-announced guidance and confirmed 2026 outlook
** Quarterly net bookings increased by 18% to 338 million euros, and came slightly ahead of the 330 million announced on January 21
** TP Icap Midcap says in a note that in-line earnings and confirmed financial targets are alleviating concerns following prior warnings
** TD Cowen also points to no further surprises following the pre-announcement
** However, TP Icap Midcap highlights low visibility due to earlier game cancellations and delays, with clarity expected in May when new medium-term targets are revealed
** Shares tracking their best day since December 2024, if gains hold
(Reporting by Leo Marchandon)
((leo.marchandon@thomsonreuters.com))