How much money is Ubisoft losing?

How much money is Ubisoft losing? Investors view Ubisoft as a potential takeover target. Its share price sank more than 38% in 2022, wiping off 3 billion euros from the company's market value. In September, Tencent upped its stake in the company in a deal that made the Chinese tech giant Ubisoft's largest shareholder.

How much money has Ubisoft lost?

Summary. Ubisoft now anticipates an FY 2022 operating loss of approximately €500 million, as compared to a €400 million profit predicted in less than 3 months. First, a weaker-than-expected sales record for Mario + Rabbids: Sparks of Hope and Just Dance 2023 pressured the company's topline.

Has Ubisoft been losing money?

Ubisoft expects to record a 500 million Euro loss in non-IFRS operating income for Fiscal Year 2023. The loss is driven by the cancellation of three in-development projects, which has led to the depreciation of half a billion Euros of capitalized R&D.

Is Ubisoft struggling financially?

Ubisoft Is In Big Financial Trouble – The Current Gaming Industry Trend And Ubisoft's Greed. Ubisoft understands that “the industry continues to shift towards mega-brands and long-lasting titles that can reach players across the globe, across platforms and business models”.

How is Ubisoft doing financially?

Ubisoft's Q3 2022-23 results:

Sales: €1.5 billion, up 6.1% year-on-year.

What The HELL IS Happening With Ubisoft?

Why is Ubisoft underperforming?

Shares of Ubisoft Entertainment SA, the maker of the Assassin's Creed videogame series, plunged Thursday after the French company said its "Mario + Rabbids: Sparks of Hope" and "Just Dance 2023" games underperformed during the holiday season as people spend less time at home than during the pandemic and grapple with ...

Is Ubisoft in debt?

The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. UbiSoft Entertainment debt/equity for the three months ending September 30, 2022 was 0.82.

Are Ubisoft in trouble?

Its share price sank more than 38% in 2022, erasing 3 billion euros from the company's market value. Meanwhile, internal scandals have also haunted the company. Ubisoft underwent an executive shakeup in 2020 following reports of sexual harassment and abuse.

Why are so many people leaving Ubisoft?

Interviews with a dozen current and former Ubisoft developers cite a range of factors for the departures, including low pay, an abundance of competitive opportunities, frustration at the company's creative direction, and unease at Ubisoft's handling of a workplace misconduct scandal that flared in mid-2020.

How many people left Ubisoft?

Five of the top 25 credited people who worked on 2021's Far Cry 6 have already left Ubisoft and 12 of the top 50 people who worked on 2020's Assassin's Creed Valhalla have left as well. Ubisoft's Montreal and Toronto studios have also each seen at least 60 employees leave in the last six months.

Who owns most of Ubisoft?

What is happening to Ubisoft?

Ubisoft's Project Q has now been reportedly cancelled. The PvP battle arena game was announced less than a year ago in April 2022. They've already delayed Skull and Bones six times now and the recent comments by CEO Yves Guillemot haven't helped.

Who owns Ubisoft now?

Chairman/CEO/Co-Founder, Ubisoft Entertainment.

How much is Ubisoft in debt?

Total debt on the balance sheet as of September 2022 : $2.16 B. According to Ubisoft's latest financial reports the company's total debt is $2.16 B. A company's total debt is the sum of all current and non-current debts.

Is Ubisoft bigger than Rockstar?

Rockstar Games's brand is ranked #27 in the list of Global Top 100 Brands, as rated by customers of Rockstar Games. Their current valuation is $20.75B. Ubisoft's brand is ranked #80 in the list of Global Top 100 Brands, as rated by customers of Ubisoft.

What is Ubisoft's biggest game?

Why is Ubisoft struggling?

For the past few years, Ubisoft has been consistently plagued by internal issues involving alleged misconduct at the highest levels and struggles to grow company sales and live services beyond breadwinners like its “Assassin's Creed” franchise and “Tom Clancy's Rainbow Six Siege.”

Will Ubisoft go back to Steam?

Ubisoft is the latest publisher to return to leading PC games marketplace Steam after a period of focusing on other stores. As spotted by Eurogamer, the company has created a Steam page for Assassin's Creed: Valhalla, the 2020 entry in Ubisoft's flagship series. It will release on December 6.

What 4 games did Ubisoft cancel?

Two of the cancelations were unannounced games

What is this? As reported by Axios' Stephen Totilo, Ubisoft told investors that it canceled the development of Splinter Cell VR, Ghost Recon Frontline, and two unannounced games. Splinter Cell VR might seem like a hazy memory at this point.

Is Ubisoft grounded?

Grounded is a survival, action-adventure video game developed by Obsidian Entertainment and published by Xbox Game Studios. It was released for Microsoft Windows and Xbox One in early access in July 2020. It was fully released on September 27, 2022.

Is Ubisoft killing online support?

If you have fond memories of older Ubisoft games with online components from the early 2010s, you might want to check in on them soon. That's because on September 1st 2022, Ubisoft is dropping support for online services in 15 different games including Assassin's Creed Brotherhood.

Is Ubisoft a good company?

Out of 157 Ubisoft employee reviews, 76% were positive. The remaining 24% were constructive reviews with the goal of helping Ubisoft improve their work culture. The HR team, with 92% positive reviews, reports the best experience at Ubisoft compared to all other departments at the company.

How much is Ubisoft worth now?

How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. UbiSoft Entertainment net worth as of April 10, 2023 is $3.21B.

Should you invest in Ubisoft?

Valuation metrics show that UbiSoft Entertainment Inc. may be undervalued. Its Value Score of A indicates it would be a good pick for value investors.

How rich is Ubisoft?

Ubisoft annual net income as of FY 2020-22

In the financial year 2021-22, which ended in March 2022, French video game producer Ubisoft reported a net income of 79.5 million euros, down from a net income of over 105.2 million euros in the previous year.