Is Ubisoft struggling?

Overall, Ubisoft projects about $537 million in losses for its current fiscal year, which concludes in March 2023. Game delays have become part and parcel for AAA publishers, as games take longer to develop and studios attempt to better address internal complaints of excessive overtime.

Is Ubisoft in financial trouble?

The company stuck to January's forecast for an operating loss of around 500 million euros in its 2022-23 year. Ubisoft shares are down roughly 25% year-to-date, on top of an almost 40% drop in 2022.

Why is Ubisoft going under?

Ubisoft shares plunged as much as 21% on Thursday after the French video game maker reduced revenue guidance, cancelled three titles and pushed back the release of its upcoming Skull and Bones game.

What is happening with 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.

Is Ubisoft doing well?

With the industry seeing increased consolidation, Ubisoft is viewed by analysts as a potential takeover target. 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.

What The HELL IS Happening With Ubisoft?

Is Ubisoft undervalued?

Of the 51 video game stocks in this index, only six are covered by Morningstar analysts, and all of these were undervalued as of 2 February 2023. The most undervalued video game stock is Ubisoft, an entertainment developer, trading at a 46% discount to Morningstar's fair value estimate.

Why is Ubisoft stock crashing?

Late on Wednesday, Ubisoft said that it was increasing its writedown estimate to 500 million euros ($538 million) from 400 million and cutting its full-year revenue target after ending 2022 with weaker-than-expected sales. Ubisoft cited the deteriorating economy, marked by lower spending on non-essential goods.

Why is Ubisoft removing games?

Ubisoft is shutting down access to multiplayer and DLC for some of its older games, and that shows the need for preservation in the industry.

Will Ubisoft back to Steam?

Ubisoft games is returning to Steam after a three-year absence, beginning with the upcoming release of Assassin's Creed Valhalla on the storefront.

What 3 games did Ubisoft cancel?

The underperformance of Just Dance 2023 and Mario + Rabbids Sparks of Hope was called out as a particular surprise, and a core reason for the company's planned future pivots.

Is Ubisoft a buy or sell?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ubisoft Entertainment in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" UBSFY shares.

Who will purchase Ubisoft?

Tencent and the Guillemot family will now control up to 29.9 percent of Ubisoft. Tencent can now buy up to 9.99 percent of Ubisoft shares directly. Tencent cannot increase its stake for eight years, cannot sell its shares for five years, and will give the Guillemot family first dibs if it does sell.

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.”

What game makes Ubisoft the most money?

According to Ubisoft, AC Valhalla has topped $1 billion in revenue, which makes it the highest-earning Assassin's Creed game in series history.

Why is Ubisoft boycotting Steam?

Uplay is Ubisoft's own store, so removing Steam from the equation helps drive sales on it. For The Division 2, Ubisoft saw Uplay sales of that game grow tenfold over The Division 1.

Is Ubisoft going broke?

Based on the latest financial disclosure, Ubisoft Entertainment has a Probability Of Bankruptcy of 45.0%. This is 12.82% lower than that of the Communication Services sector and significantly higher than that of the Electronic Gaming & Multimedia industry.

Why are 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.

Is Ubisoft leaving Steam?

That's when Star Wars Jedi: Fallen Order became the publisher's first Steam release since 2012. While Ubisoft eschewed Steam releases voluntarily, Epic continues to pay huge amounts of money for specific high-profile games to launch as timed exclusives on the Epic Games Store.

What games did Ubisoft cancel?

Ubisoft has not had the best press lately with the French games giant confirming the cancellation of three unannounced projects, delaying Skull & Bones, and one of its offices calling for strike action over recent remarks made by CEO Yves Guillemot today.

What is Ubisoft net worth?

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 March 09, 2023 is $2.9B.

What to do if stock is crashing?

Buy More Stocks, if you can

If you have saved enough and have other assets that generate income for you, this is the right time to buy more stocks. The reason for this is simple, a stock market crash signifies all the prices are down and this is the perfect opportunity to buy low and sell high.

Is Ubisoft bigger than Activision?

Activision's brand is ranked #157 in the list of Global Top 1000 Brands, as rated by customers of Activision. Their current market cap is $74.02B. Ubisoft's brand is ranked #80 in the list of Global Top 100 Brands, as rated by customers of Ubisoft.

How much money does Ubisoft make from siege?

Rainbow Six Siege and Assassin's Creed carry Ubisoft to $324.4M in quarterly revenues.

Is Ubisoft a large company?

Ubisoft may have 21,000 employees in offices and studios around the world, but the company began with a family.