Why is Ubisoft stock dropping?

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

Why Ubisoft stocks are going down?

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 happening to 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 falling off?

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.

Will Ubisoft stock go up?

Stock Price Forecast

The 20 analysts offering 12-month price forecasts for Ubisoft Entertainment SA have a median target of 4.85, with a high estimate of 17.06 and a low estimate of 3.58. The median estimate represents a +7.70% increase from the last price of 4.51.

What The HELL IS Happening With Ubisoft?

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 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 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.”

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 is Ubisoft next?

Ubisoft NEXT. is an annual competition designed to showcase the talent of video game development students in Ontario and to help kickstart their careers in the industry.

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.

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.

Does Ubisoft pay dividends?

The current dividend payout for stock Ubisoft Entertainment SA (UBSFY) as of Feb. 28, 2023 is USD. The forward dividend yield for UBSFY as of Feb. 28, 2023 is 0.04%.

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.

Who bought out Ubisoft?

Another disappointing year, and Ubisoft may be forced to sell out to Tencent completely.

Who owns Ubisoft now?

Chairman/CEO/Co-Founder, Ubisoft Entertainment.

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.

Is Ubisoft making another game?

Tom Clancy's The Division Heartland

In May 2021, Ubisoft confirmed that a free-to-play The Division 2 spin-off called Heartland is in the works.

What three 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 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.

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 Ubisoft game made the most money?