Latest news with #UbisoftEntertainmentSA
Mint
15-05-2025
- Business
- Mint
Ubisoft Forecasts Flat Sales, Extends Work on Top Game Titles
(Bloomberg) -- Ubisoft Entertainment SA, the video-game maker behind the popular Assassin's Creed title, forecast flat sales for the new fiscal year and said some of its biggest productions will get more development time. Bookings, a measure of sales, fell 20% to €1.85 billion ($2.07 billion) in just-ended fiscal 2025, the company said Wednesday, missing Wall Street estimates of €1.89 billion. Bookings in the fourth quarter declined 3.4%. The forecast and additional development work are the latest setbacks for the French company, whose shares have tumbled from a high of €88.16 more than four years ago to their current €11.68. The company announced its latest results after markets closed in Paris. Management led by Chief Executive Officer Yves Guillemot is taking steps to right the company. In March, it announced Tencent Holdings Ltd. would invest €1.16 billion in a new subsidiary that will be home to key titles like Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six. The deal amounted to a vote of confidence from Tencent, which already holds a 10% stake in Ubisoft, in the wake of a difficult few years since a pandemic-era boom in play ran out of gas. The new unit's €4 billion valuation is higher than the group's current enterprise value. 'This year has been a challenging one for Ubisoft, with mixed dynamics across our portfolio, amid intense industry competition,' Guillemot said in a statement. 'We are currently working on reshaping the group's operating model and plan to announce a new organization by the end of the year.' In a call with reporters earlier in the day, Chief Financial Officer Frederick Duguet indicated that operationally Ubisoft would remain 'one unique company,' with employees free to work on brands owned by both the subsidiary and its parent. The decision to extend production work means fresh revenue from Ubisoft's biggest franchises will be pushed back into the next two fiscal years. Ubisoft also said its €200 million cost-cutting goal for the year has been completed ahead of schedule and that it will pursue an additional €100m in savings over the next two years. The company finished the year with 17,782 employees, down by 1,230 from a year earlier. More stories like this are available on
Bloomberg
14-05-2025
- Business
- Bloomberg
Ubisoft Forecasts Flat Sales, Extends Work on Top Game Titles
Ubisoft Entertainment SA, the video-game maker behind the popular Assassin's Creed title, forecast flat sales for the new fiscal year and said some of its biggest productions will get more development time. Bookings, a measure of sales, fell 20% to €1.85 billion ($2.07 billion) in just-ended fiscal 2025, the company said Wednesday, missing Wall Street estimates of €1.89 billion. Bookings in the fourth quarter declined 3.4%.
Bloomberg
28-03-2025
- Business
- Bloomberg
‘Assassin's Creed' Maker Hits ‘Continue' With Tencent
One of France's most recognizable exports gets a lifeline. Bonjour et Bienvenue to the Paris Edition. I'm Bloomberg Opinion columnist Lionel Laurent. If you haven't yet, subscribe now to the Paris Edition newsletter. Ubisoft Entertainment SA's Assassin's Creed game series got a gold medal of its own during last year's Paris Olympics, with its iconic rooftop-scaling hooded main character featuring heavily in the opening ceremony alongside Lady Gaga and Louis Vuitton. Yet what should have been a crowning achievement turned into a painful stock-market drubbing in the months that followed.
Yahoo
27-03-2025
- Business
- Yahoo
Ubisoft Carves Out Top Games Unit; Tencent to Get 25% Stake
(Bloomberg) -- Ubisoft Entertainment SA will carve out a unit including Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six into a subsidiary with an enterprise value of about €4 billion ($4.3 billion). They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Why Did the Government Declare War on My Adorable Tiny Truck? How SUVs Are Making Traffic Worse Trump Slashed International Aid. Geneva Is Feeling the Impact. These US Bridges Face High Risk of Catastrophic Ship Strikes Tencent Holdings Ltd. will invest €1.16 billion to acquire a 25% stake in the new entity, which will have licenses for the intellectual property of the games in exchange for a royalty, the French video game company said in a statement on Thursday. Ubisoft, which was founded by France's Guillemot family, has been working to bring new investors into its video game properties, Bloomberg News has reported. The valuation of the new unit surpasses Ubisoft's current enterprise value. 'Today Ubisoft is opening a new chapter in its history,' said Ubisoft Chief Executive Officer Yves Guillemot. 'This is a foundational step in changing Ubisoft's operating model that will enable us to be both agile and ambitious.' The subsidiary will include the teams working on the titles and will control the back catalog and any new games under development. Business Schools Are Back Google Is Searching for an Answer to ChatGPT A New 'China Shock' Is Destroying Jobs Around the World The Richest Americans Kept the Economy Booming. What Happens When They Stop Spending? Israel Aims to Be the World's Arms Dealer ©2025 Bloomberg L.P.
Bloomberg
14-03-2025
- Business
- Bloomberg
Assassin's Creed Creator Ubisoft Is Said to Seek Gaming Backers
Ubisoft Entertainment SA is looking to bring in investors to a new entity that will include some of its core video-gaming intellectual property, including Assassin's Creed, according to people familiar with the situation. The company is considering selling a minority stake in the venture and has contacted potential bidders, including current shareholder Tencent Holdings Ltd. and funds globally and in France, where Ubisoft is based, the people said. Ubisoft has asked for preliminary bids to be made as soon as this month, the people added, asking not to be identified discussing a private matter.
