Ubisoft Reports Disappointing Third Quarter

Ubisoft Reports Disappointing Third Quarter

For the third fiscal quarter ending 12/31/22 Ubisoft (UBI.PA) reported revenue of €773 million on bookings of €727 million.  Bookings were down 2.6% over the previous year.  For the full year fiscal 2023 ending 3/31/23, Ubisoft expects bookings to be down more than 10% with operating income (loss) of -€500 million. Analysis Last month Ubisoft had prepared investors that results were going to be disappointing......
Ubisoft has More Setbacks

Ubisoft has More Setbacks

On January 11, 2023 Ubisoft announced it is lowering its bookings target for the third quarter FY 23 ending 12/31/22.  The initial target of €830 million has been lowered to €725 million.  The company also announced a new strategic focus that included the cancellation of three unannounced projects and another delay for Skull and Bones. Analysis It is no secret that Ubisoft (UBI.PA) has been a mess for.....
Ubisoft Needs Big Hits

Ubisoft Needs Big Hits

It is no secret that Ubisoft (UBI.PA) has had a rough few years.  In 2022, the stock price was down almost 40%.  However, the decline had started well before.  Ubisoft’s market value has lost about 73% since its peak in mid-2018. Ubisoft has quite a few projects in the works and they need them to do well.  Skull & Bones is a much delayed game that is scheduled for release this March.  Avatar: Frontiers of Pandora is an open-work game set in the universe o.....
Ubisoft Results are Okay

Ubisoft Results are Okay

For the first half of fiscal 2023 which ended 9/30/2022, Ubisoft reported net bookings of €700 million, down 2.6% over fiscal 2022, but higher than targeted.  Unfortunately, the company reported an operating loss of €139 million versus an operating income of €44 million for the previous year’s first half. Analysis Ubisoft struggled with product delays and development pipeline issues before COVID.  Three years ago this time, Ubisoft suffered a major hit wh.....
Ubisoft has Big Plans for Assassin’s Creed Franchise

Ubisoft has Big Plans for Assassin’s Creed Franchise

On September 10, 2022 Ubisoft had a major reveal about the Assassin’s Creed franchise.  This included the launch of five new upcoming games led by Assassin’s Creed Mirage.  Other products include open-world RPG Assassin’s Creed Codename Red, Assassin’s Creed Codename Hexe, a multiplayer hub going by Assassin’s Creed Codename Infinity, and.....
Ubisoft Versus Take-Two Interactive: When Less is More

Ubisoft Versus Take-Two Interactive: When Less is More

In the recent DFC Intelligence report The Business of Video Games, we classified Take-Two Interactive and Ubisoft as medium-sized traditional publishers.  In fact, they are two of the few remaining notable mid-size publishers focused on AAA-console games.  The companies have a similar revenue base so we thought it would be interesting to compare Ubisoft versus Take-Two Interactive. In terms of revenue, both Take-Tw.....

Ubisoft’s Malaysian Theme Park

SEPT. 8, 2015 • In partnership with local developer R. Segari Group (RSG), Ubisoft Motion Pictures has committed to a 10,000 square meter indoor Malaysian theme park in the heart of Kuala Lumpur. The development is expected to start construction in 2017 with completion in 2020. Ubisoft is committing both the intellectual property as well as entertainment expertise while RSG will provide funding and development. Virtual reality gaming experiences, plus tradition.....

Ubisoft Drops Last Generation Support

MAY 14, 2015 • A year and a half after the arrival of the PlayStation 4 and Xbox One, Ubisoft Entertainment S.A. disclosed during a financial conference call that it is dropping development on the PS3 and Xbox 360. For the publisher’s fiscal year 2016 all of its AAA releases, with the exception of the Just Dance franchise, will be on current generation systems and the PC. For the fiscal year 2015, Ubisoft reported sales of €1.5 billion ($1.7 billion), up.....