Ubisoft forecasts loss as games releases delayed

PARIS Tue Oct 15, 2013 12:16pm EDT

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PARIS Oct 15 (Reuters) - French videogame publisher Ubisoft said it would post a full-year operating loss as it pushes back the release of two key games until next year.

The company now expects to report an operating loss of 40-70 million euros, against a previous target for a profit of 110-125 million, it said in a statement on Tuesday.

Ubisoft also cut its sales forecast for 2013-14 to between 995 million euros ($1.34 billion) and 1.045 billion from a previous target of 1.42-1.45 billion.

The company said its Watch Dogs and The Crew games, previously planned for release in 2013-14, were now scheduled for 2014-15. ($1 = 0.7406 euros) (Reporting by James Regan; Editing by Lionel Laurent)

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