Ubisoft forecasts loss as games releases delayed
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)