Ubisoft flags strong Q2 bookings in a report delayed by debt covenant breach

Core Insights - Ubisoft reported quarterly bookings that exceeded its guidance, indicating stronger-than-expected performance in the video game market [1] - The results were delayed for a week due to an accounting change that caused a breach in a key financial metric [1] Financial Performance - The company’s quarterly bookings surpassed its initial expectations, reflecting robust demand for its gaming products [1] - The specific figures related to the bookings and the extent of the exceedance were not detailed in the provided content [1] Accounting Changes - An accounting change was the reason for the delay in publishing the quarterly results, highlighting potential complexities in financial reporting [1] - The breach in a key financial metric suggests that the company is navigating significant adjustments in its accounting practices [1]