UBSFF News and Press, Ubisoft Entmt Inc From 01/18/23

Summary Ubisoft's core titles still held up despite downturn in the industry. The gaming market is expected to rebound. Mobile expansion is expected to drive up Ubisoft's revenue. Intro Ubisoft (UBSFY) is one of the world's biggest video game studios that has seen its ...

Summary Reflecting on Ubisoft's current valuation of only slightly more than €3 billion, I cannot stop thinking that shares are trading near confidence capitulation. As Ubisoft's continued success with Assassin's Creed and Rainbow Six Siege highlights, the game studio&...

Summary After news surfaced on September 6th that Tencent is set to double its stake in Ubisoft Entertainment SA, Ubisoft stock lost as much as 17.5%. In my opinion, the Tencent/Ubisoft deal implies a negative cross-read for investors. Acknowledging Tencent’s increased ...

Cowen is curtailing its expectations for console videogame spending this year, pointing to additional hurdles from game delays as well as foreign exchange since its last look at the space. The firm expects 2022 console game spending to fall 7%, down from a previous estimate for a 1%...

Videogame sales continued a year-over-year decline in July - but at a moderating rate, and the spending tracked back toward near 2020 levels, with some help from increased console outlays. Overall sales fell 9% year-over-year to $4.177B, according to NPD Group, mirroring the 10%...

Earnings for videogame names have seen weak momentum for months, due to some tougher comparisons and a more spare release slate of new games recently - but that may be getting ready to turn around, Berenberg says. The second half is a good opportunity for some companies to turn that...

Consumer videogame spending slipped 13% in the second quarter from the same period a year ago - an acceleration of year-over-year declines as the industry struggles through tough comparisons to a pandemic 2021, and wrestles its way out of supply-chain woes amid an inflation shock to ent...

With the cards largely stacked against it, the company managed to hold up well against the bear market sentiment and recession-headed economy over the past year. The video game industry boom fueled by the lockdowns started showing signs of slowing down as consumers dial back on discre...

Video games have become the largest entertainment industry, with an estimated annual value of around $200 billion. Gaming has always been a promising area to check for under-the-radar growth stocks, since it's an industry that is not widely understood on Wall Street. One of the reasons is t...

Videogame sales slid to a 27-month low in May, marking its biggest pullback in months after a period relatively devoid of new releases. May's overall sales tumbled 19% to $3.68 billion from a year-ago $4.522 billion, according to NPD Group - with broad declines, but a particularly heavy drop ...