Why is Ubisoft price falling?

Assassin's Creed maker Ubisoft sinks to seven-year low after slashing guidance, cancelling games.

Why Ubisoft share price is falling?

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.

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.

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 stock go up?

The 20 analysts offering 12-month price forecasts for Ubisoft Entertainment SA have a median target of 4.91, with a high estimate of 17.06 and a low estimate of 3.58. The median estimate represents a -6.66% decrease from the last price of 5.26.

What The HELL IS Happening With Ubisoft?

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.

How much debt is Ubisoft in?

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.

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.

How many people left Ubisoft?

LinkedIn reports Ubisoft's attrition rate is 12%, according to data supplied by Ubisoft.

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.

Who owns most of UbiSoft?

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 much is UbiSoft worth to buy?

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 03, 2023 is $3.3B.

Why are stock prices crashing?

A stock market collapse typically occurs when the economy is overheated, inflation is rising, market speculation is rampant, and there is significant uncertainty about the path of an economy.

Why are share prices crashing?

Interest rates. Rising interest rates were the main reason that 2022 was a down year for the stock market. Share prices fell as bonds and cash began to offer progressively more attractive returns.

Who is bigger Ubisoft or 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.

What is Ubisoft's biggest franchise?

1 Assassin's Creed

Assassin's Creed started its franchise in 2007 for the PS3 and Xbox 360 and has sold about 155M units. For those paying attention to the numbers, that is almost double the amount of the previous series.

Is Ubisoft pulling out of Steam?

It's not clear why Ubisoft stopped putting its PC games on Steam or why it's coming back now, but it appears to be picking up where it left off: Valhalla was the 2020 flagship game in the Assassin's Creed series, with the next title, Assassin's Creed Mirage, not due till 2023.

Does Ubisoft want to be acquired?

Despite this, Ubisoft is hoping to get acquired but that too just really isn't going well. Check out the trailer for Assassin's Creed Mirage below. Acquisitions are all the rage right now. We've all heard about Microsoft's attempt to acquire Activision which continues to face scrutiny - and a lawsuit from the FTC.

Does EA own Ubisoft?

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.

What country owns Ubisoft?

Ubisoft Entertainment is a French video game publisher and developer currently located in Montreuil-sous-Bois, France. The company is the third-largest independent game publisher in the world, with over 29 studios in 19 countries; the company has subsidiaries in 26 countries.

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 game makes Ubisoft the most money?

Far Cry 5 has managed to achieve sales of more than 25 million copies to date and makes this 2021-released game as the best-selling game from Ubisoft.

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.

Does Ubisoft pay dividends?

The current dividend payout for stock UBISOFT ENTERTAINMENT UNSP ADR (UBSFY) as of April 4, 2023 is USD. The forward dividend yield for UBSFY as of April 4, 2023 is 0.04%. Dividend history for stock UBSFY (UBISOFT ENTERTAINMENT UNSP ADR ) including historic stock price and split, spin-off and special dividends.