Why is Ubisoft shutting down?

1 September 2022 Ubisoft is suspending online services for 15 older games (2009-2013) to focus resources on supporting and developing newer and more popular games.

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 in financial trouble?

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.

Why is Ubisoft stock dropping?

Ubisoft stocks have plummeted following the news of several cancelled projects and lower than expected sales throughout 2022.

Is Ubisoft still making games?

Despite its ongoing struggles, Ubisoft continues to focus on producing new entries in its stable of established franchises — Assassin's Creed, Tom Clancy, and Far Cry, to name a few — while intermittently experimenting with new franchises like Immortals Fenyx Rising and Riders Republic.

What The HELL IS Happening With Ubisoft?

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.

What is Ubisoft biggest game?

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.

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.

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.

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.

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.

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.

Why did Assassin's Creed stop multiplayer?

“Closing the online services for some older games allows us to focus our resources on delivering great experiences for players who are playing newer or more popular titles,” Ubisoft's help page reads.

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.

What is the best gaming company to invest?

Best video game stocks in 2023

Capcom (OTC:CCOEF), Take-Two Interactive (NASDAQ:TTWO), Microsoft (NASDAQ:MSFT), Electronic Arts (NASDAQ:EA), and Nintendo (OTC:NTDOY) stand out as top gaming stocks to buy as long-term investments.

Is Activision bigger than Ubisoft?

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 company owns Assassin's Creed?

Assassin's Creed is an open-world, action-adventure, and stealth game franchise published by Ubisoft and developed mainly by its studio Ubisoft Montreal using the game engine Anvil and its more advanced derivatives.

Which companies are in debt?

Who is the biggest game ever?

1. Tetris – 520 million. Arguably the most timeless video game ever created, Tetris sits comfortably atop the list of all-time bestsellers with 520 million copies sold, according to The Tetris Company.

What are the 3 biggest games in the world?

What game made Ubisoft famous?

Founded by five brothers in 1986, Ubisoft is well known for developing franchises such as Assassin's Creed, Far Cry, Just Dance, Prince of Persia, Tom Clancy's franchise, Watch Dogs, The Crew, TrackMania, Trials and Rayman.