PARIS : Shares in Ubisoft fell 19 per cent on Thursday after the French video game maker warned of lower-than-expected revenue and postponed the release of its game 'Skull and Bones', prompting some analysts to cut their estimates and price targets. Late on Wednesday, Ubisoft said that it was increasing i
PARIS : Shares in Ubisoft fell 19 per cent on Thursday after the French video game maker warned of lower-than-expected revenue and postponed the release of its game"Skull and Bones", prompting some analysts to cut their estimates and price targets.
Late on Wednesday, Ubisoft said that it was increasing its writedown estimate to 500 million euros and cutting its full-year revenue target after ending 2022 with weaker-than-expected sales. Morningstar analysts said they had cut their fair value estimate on Ubisoft to 35 euros from 60 euros"to account for the revenue drop, lower top-line growth, and potential further game delay"
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French video game maker Ubisoft increases writedowns, lowers targets on weak salesPARIS :Ubisoft is increasing expected writedowns to 500 million euros ($538 million) and is cutting its full-year revenue target on weaker-than-than expected sales at the end of 2022, the French video game maker said on Wednesday. Ubisoft cited the deterioration of the economic environment, marked by lower sp
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French video game maker Ubisoft increases writedowns and lowers targetsPARIS : Ubisoft is increasing its writedown estimate to 500 million euros ($538 million) and cutting its full-year revenue target after ending 2022 with weaker-than-expected sales, the French video game maker said on Wednesday. Ubisoft cited the deteriorating economy, marked by lower spending on non-essen
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