Ubisoft Entertainment has delayed the launch of its much-anticipated title “Assassin's Creed Shadows” and has “appointed advisors to review strategic options to extract the best value for stakeholders.
Ubisoft, which is behind the "Assassin's Creed" franchise, last week said it has postponed the release of the next title in the popular game series by three months to Feb. 14, 2025. Shares of Ubisoft, which also cut net bookings guidance for its full fiscal year and second quarter, have slumped to decade lows on the back of dismal investor expectations about the company's triple-A games pipeline and financial prospects.
Ubisoft's stock is not attractive due to weak game launches, damaged goodwill, and aggressive monetization practices, leading to potential commercial failures and boycotts. Latest earnings show bookings growth, but xDefiant underperformed Street expectations, highlighting the mistake to launch a game in a saturated market. Political controversies may have a larger impact on AC: Shadows, whose release has been delayed as Star Wars Outlaws, another needle-mover, underperformed on new aggressive pricing policies.
Shares in French video game giant Ubisoft plunged nearly 20 percent Thursday after it dropped its profit targets following a delay to its latest "Assassin's Creed" title.
"Assassin's Creed" maker Ubisoft faced a union call for three days of strike action on Thursday after the French videogame group told workers to return to the office.
An activist investor pushing for a sale of "Assassin's Creed" maker Ubisoft has gathered support from 10% of the French videogame publisher's shareholders, it said in a letter on Thursday that was exclusively shared with Reuters.
French videogame maker Ubisoft has postponed the release of "Assassin's Creed Shadows" by three months to Feb. 14, 2025 and cut its guidance for second-quarter net bookings.
Ubisoft updates its financial targets for FY2024-25 Paris, September 25, 2024 – Following a meeting of its Board of Directors, Ubisoft updates its financial targets for FY2024-25. The Company now expects net bookings of around €1.95bn, and around break-even non-IFRS operating income and free cash flow.
French video game maker Ubisoft reported first-quarter net bookings above expectations on Thursday, citing robust engagement metrics driven by its Game-as-a-Service (GaaS) franchises.
UBISOFT REPORTS FIRST-QUARTER 2024-25 SALES Solid start to the year with Q1 net bookings ahead of target Robust engagement metrics driven by our GaaS franchises Strong upcoming release slate with Star Wars Outlaws™ & Assassin's Creed ® Shadows 2024-25 targets confirmed Net bookings of €290.0 million, ahead of target of around €275.0 million In €m Q1 2024-25 Reported change vs. Q1 2023-24 % of total net bookings Q1 2024-25 Q1 2023-24 IFRS 15 sales 323.5 +12.0% NA NA Net bookings 290.0 +8.3% NA NA Digital net bookings 257.2 +6.6% 88.7% 90.2% PRI net bookings 158.7 +24.6% 54.7% 47.6% Back-catalog net bookings 249.5 +1.5% 86.0% 91.8% Paris, July 18, 2024 – Today, Ubisoft released its sales figures for the first quarter of fiscal 2024-25, i.e.
Ubisoft shares increased sharply on Monday after Jefferies analysts said the troubled video game developer could be boosted by a pivot towards the high-margin subscriptions business and the release of its new Star Wars and Assassin's Creed titles.
UBISOFT ENTERTAINMENT S.A. Ubisoft launches a new employee shareholding operation.