Ubisoft shares rise in wobbly trade following week-long suspension
21/11/2025 09:13
** Shares of French video game group Ubisoft Entertainment UBIP.PA rise 5%, reversing course after falling as much as 6% following a volatile return to trading ** Last week, Ubisoft postponed its earnings publication last minute; on Friday, it cited restatement of accounts to validate the Tencent deal, which made Ubisoft breach a credit covenant, as the reason for the delay ** Ubisoft says the breach is being addressed through the early repayment of the concerned debt instruments using proceeds from the Tencent deal ** The gaming group's quarterly net bookings beat expectations at 490 million euros ($565.46 million), helped by TV adaptations and stronger catalogue performance ** "Fundamentally, there is no real reason for it to fall... However, investors could become weary of the situation and push the stock into the red", TP ICAP Midcap analyst Corentin Marty says ($1 = 0.8666 euros) (Reporting by Leo Marchandon) ((Leo.marchandon@thomsonreuters.com))