Streetbeat News

UBSFF

UBISoft Entertainment

https://www.ubisoft.com

CEO

Yves Guillemot

Industry

Software Publishers

Open

14.10

Mkt cap

1.8B

Volume

2.2K

High

14.10

P/E Ratio

-32.05

52-wk high

32.80

Low

14.10

Div yield

N/A

52-wk low

10.30

Ubisoft Entertainment SA has launched its first blockchain game, Champions Tactics: Grimoria Chronicles, featuring NFTs priced up to $64,000. The game offers a free-to-start model with strategic gameplay and unique in-game assets. This follows Ubisoft's previous NFT initiative with limited success.

Portfolio Pulse from Franca Quarneti

October 30, 2024 | 5:54 pm

Tencent Holdings ADR denied rumors of layoffs and restructuring, while announcing leadership changes. The company clarified that no widespread job cuts are planned, and its subsidiary TiMi Studio Group is actively recruiting. Tencent is also in talks with Guillemot Brothers Ltd. regarding Ubisoft Entertainment SA, potentially leading to a buyout.

Portfolio Pulse from Franca Quarneti

October 29, 2024 | 7:03 pm

Ubisoft's strategy of delaying the release of 'Prince of Persia: The Lost Crown' on Steam is criticized for its poor sales performance. Despite positive reviews, the game struggled financially, leading to the disbandment of its development team. Michael Douse from Larian Studios argues that the delayed Steam release was a mistake. Ubisoft is also facing criticism for its approach to game ownership and server shutdowns.

Portfolio Pulse from Franca Quarneti

October 25, 2024 | 6:58 pm

The US gaming market saw a 7% decline in spending in August 2024, with hardware sales dropping significantly, particularly for Nintendo's Switch. However, Electronic Arts' Madden NFL 25 was a bright spot, topping sales charts. Despite the decline, year-to-date spending remains stable.

Portfolio Pulse from Franca Quarneti

October 14, 2024 | 6:30 pm

Ubisoft faces multiple challenges as Star Wars Outlaws underperforms, Assassin's Creed Shadows is delayed, and employee strikes loom. The company plans a strategic shift by releasing games on Steam to boost sales.

Portfolio Pulse from Franca Quarneti

September 26, 2024 | 5:53 pm

The tech sector faces challenges despite AI buzz, with gaming giants like EA, Roblox, and Microsoft facing accusations of deceiving players. Apple launched the iPhone 16, and Netflix's gaming catalog hit 210M downloads. Qualcomm considers acquiring Intel segments, and Microsoft plans a cybersecurity summit after layoffs.

Portfolio Pulse from Lekha Gupta

September 15, 2024 | 8:03 pm

Epic Games, EA, Roblox, Activision Blizzard, Mojang Studios, Tencent's Supercell, and Ubisoft face accusations from the European Consumer Organisation of deceiving players into overspending on in-game purchases. The complaint calls for urgent action to address deceptive tactics, particularly affecting children.

Portfolio Pulse from Franca Quarneti

September 12, 2024 | 8:33 pm

Ubisoft faces pressure from minority shareholder AJ Investments to go private after a significant stock drop following the release of Star Wars Outlaws. The hedge fund criticizes Ubisoft's management and suggests a potential proxy fight if demands are not met.

Portfolio Pulse from Franca Quarneti

September 10, 2024 | 5:59 pm

The article covers various developments in the consumer tech sector, including Microsoft's expansion of its Xbox lineup, Take-Two's announcement of Borderlands 4, and Apple's upcoming iPhone 16 launch. It also mentions regulatory challenges for AI development in California and legal issues faced by Google and Anthropic.

Portfolio Pulse from Lekha Gupta

August 26, 2024 | 10:17 am

Ubisoft Entertainment SA has laid off 45 employees from its U.S. studios as part of ongoing restructuring efforts. The layoffs affected staff at Ubisoft San Francisco and Red Storm Entertainment, following previous cuts earlier in the year. Despite these setbacks, Ubisoft reported record net bookings and increased net sales for 2023.

Portfolio Pulse from Franca Quarneti

August 19, 2024 | 5:23 pm

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