What did Ubisoft CEO say?

“Today more than ever, I need your full energy and commitment to ensure we get back on the path to success,” he wrote. “I am also asking that each of you be especially careful and strategic with your spending and initiatives, to ensure we're being as efficient and lean as possible.”

What is going on 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.

Why is Ubisoft going under?

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.”

Is Ubisoft in financial trouble?

The gaming market is estimated to have shrunk 4.3% in 2022, according to market research firm Newzoo. 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.

Who is the CEO of Ubisoft?

Ubisoft's CEO Yves Guillemot has reportedly apologised to staff for the comments he made in an email last week.

Ubisoft CEO Grilled By Fed Up Devs At Company Meeting For Blame Shifting & Trend Chasing

What games did Ubisoft cancel?

Ubisoft's Game Cancelations in 2022

Ubisoft's canceled projects are not limited to the three announced alongside Skull and Bones being delayed. For instance, Ubisoft announced it was canceling Ghost Recon Frontline, a free-to-play entry for the popular franchise, in July 2022.

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.

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. 'We are clearly disappointed by our recent performance.

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.

Why Ubisoft shares are so low?

"The ball is in your court," Yves Guillemot tells staff. Ubisoft stocks have plummeted following the news of several cancelled projects and lower than expected sales throughout 2022.

Is Ubisoft working again?

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Why won't Ubisoft games work?

Update Ubisoft Connect PC to the latest version An outdated version of the desktop app may cause issues with game downloads. Try reinstalling Ubisoft Connect PC before downloading the game again. If the above steps do not resolve the issue, please get in touch, attaching your DxDiag and MSInfo reports to your case.

What is the Ubisoft downfall?

The company cited poor performance of its Mario + Rabbids Sparks of Hope and Just Dance 2023 titles, as well as a challenging economic environment. For the full year, Ubisoft said it expects its 2022 net bookings to fall 10%.

Is Ubisoft a buy or sell?

Ubisoft Entertainment has received a consensus rating of Hold. The company's average rating score is 2.18, and is based on 4 buy ratings, 5 hold ratings, and 2 sell ratings.

Will Ubisoft fix Valhalla?

Assassin's Creed Valhalla will receive its “final bug fix update” this week. Ubisoft said title update 1.7. 0 addresses 13 outstanding issues with the game (we've republished the full patch notes below). The update weighs in between 0.5 GB (PS5) and 15.1 GB (Xbox Series X/S) depending on the platform.

Can you keep the games from Ubisoft?

We also have a selection of Ubisoft games available on PlayStation through our Ubisoft+ Classics subscription. If you purchase any games or additional content included in the Ubisoft+ catalog while subscribed, you will keep these purchases, even if you cancel your membership.

Who are rivals of Ubisoft?

Ubisoft competitors include Niantic, Twitch, Gameloft, Activision and Bandai Namco. Ubisoft ranks 1st in Customer Net Promoter Score on Comparably vs its competitors.

What is Ubisoft's biggest games?

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.

Is Ubisoft ending Assassin's Creed?

Ubisoft is set to shut down multiplayer and online services for 15 games on September 1, 2022, including five Assassin's Creed games, Far Cry 3, Splinter Cell: Blacklist, Prince of Persia: The Forgotten Sands, and more.

Why is Ubisoft avoiding Steam?

Ubisoft largely abandoned Steam in 2019 in favour of their own storefront, and exclusivity with the Epic Games Store that began with The Division 2. At that time, Ubisoft commented the deal with Epic was “a long-term positive”, with Epic taking less of a cut from game sales revenue than Valve.

How much debt does Ubisoft have?

Ubisoft is currently sitting on a pile of cash amounting to 1.30 billion euros or 1.5 billion dollars. However, the company's total debt is close to 2.06 billion euros or 2.39 billion dollars.

Does Ubisoft pay well?

The average Ubisoft salary ranges from approximately $38,524 per year for Quality Assurance Tester to $124,119 per year for Senior Project Lead. Average Ubisoft hourly pay ranges from approximately $10.20 per hour for Quality Assurance Tester to $35.90 per hour for Senior Data Modeler.

Does China own Ubisoft?

The Chinese conglomerate's investment into Ubisoft included 200 million euros in shares and 100 million euros in capital. For a total of nearly $300 million, Tencent has also secured a 49.9 percent economic stake and 5 percent voting rights in Guillemot Brothers Limited.