Ubisoft - comment

Assassin's Creed Black Flag Resynced sold 2 million copies on its first day, setting a franchise record and representing the strongest commercial launch Ubisoft has achieved in recent memory, providing positive near-term momentum for revenue and cash flow generation. This result was needed, but it's good to see it happen. Meanwhile, the company is pursuing its operational restructuring and very much needed cost cutting plans. We remain long the '27s.