Why is Ubisoft in trouble?

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 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 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 out of business?

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.

Is Ubisoft doing badly?

The company has depreciated roughly €500 million ($538 million) in capitalized research and development expenses related to "upcoming premium and free-to-play games and the newly cancelled titles," which essentially means that money spent developing those games is down the toilet.

What The HELL IS Happening With Ubisoft?

How much debt is Ubisoft?

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 worth investing?

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

Is Ubisoft going under?

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.

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.

Who owns Ubisoft now?

Chairman/CEO/Co-Founder, Ubisoft Entertainment.

Why can't I play any Ubisoft games?

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 games did Ubisoft give away?

Is Ubisoft removing games from Steam?

And Anno 1800 is actually coming back to Steam after previously having been removed — it's from 2019. But it's no secret that Ubisoft pulled games from Steam to make them exclusive to the Epic Games Store instead, which famously gave publishers millions to attract games to that rival platform.

Is Ubisoft losing money?

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.

How is Ubisoft doing financially?

Ubisoft shares are down roughly 25% year-to-date, on top of an almost 40% drop in 2022. The maker of the Assassin's Creed franchise reported on Thursday net bookings of 726.9 million euros ($776.2 million) in its third quarter to the end of December, in line with its forecast.

Is Ubisoft a good company?

Is Ubisoft a good company to work for? Ubisoft has an overall rating of 3.8 out of 5, based on over 4,281 reviews left anonymously by employees. 79% of employees would recommend working at Ubisoft to a friend and 58% have a positive outlook for the business. This rating has been stable over the past 12 months.

Why did Ubisoft Ditch Steam?

Publishers are greedy. And most digital storefronts, like Valve's uber-popular Steam, take a cut of every game sale and DLC purchased. So many publishers, like Activision, Ubisoft, and EA, have spent the past few years ditching Steam and creating their own PC launchers and storefronts to avoid getting a cut taken out.

What is Ubisoft biggest game?

What's the most successful Ubisoft game?

Is Ubisoft owned by EA?

After acquiring a 19.9% stake in France-based Ubisoft in 2004, EA sold a remaining 14.8% stake in it in 2010. Each acquisition listed is for the entire company, unless otherwise noted. The acquisition date listed is the date of the agreement between Electronic Arts (EA) and the subject of the acquisition.

Is Ubisoft a Russian company?

Ubisoft Entertainment SA is a French company specializing in the development and publishing of computer games.

Is Xbox getting Ubisoft?

A new leak suggests that there is more than just a handful of games coming to Ubisoft Plus on Xbox and the list features more than 60 video games titles. If you aren't exactly familiar with Ubisoft Plus, it is just another video game subscription service similar to the Xbox Game Pass, EA Play, and PlayStation Plus.

Who is purchasing Ubisoft?

The Guillemot family is considering to partner with a private equity firm to acquire Ubisoft from potential buyers. As reported by Seeking Alpha, according to Dealreporter, the group's reasoning is because it would like to remain in control of the company.

Is Ubisoft better 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.