PARIS :Shares in Ubisoft fell 20 per cent on Thursday after the French video game maker warned on revenue and postponed the release of its game 'Skull and Bones', prompting analysts to cut their estimates and price targets. Late on Wednesday, Ubisoft said that it was increasing its writedown estimate to 500 m
PARIS :Shares in Ubisoft fell 20 per cent on Thursday after the French video game maker warned on revenue and postponed the release of its game"Skull and Bones", prompting analysts to cut their estimates and price targets.
Several analysts noted that another negative factor was a shift in the video game industry towards mega-brands and away from small and mid-tier games.
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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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