UBSFF News and Press, Ubisoft Entmt Inc From 05/20/23

2023-05-20 10:00:00 ET U.S. videogame sales fell year-over-year for the second straight month in April, as a broad content decline more than offset more gains in console sales. Overall sales dipped 5% to $4.123B from last March's $4.32B, according to research group Circana. On a yea...

2023-05-20 02:22:07 ET Summary Realizing that oil won't be around forever, Saudi Arabia is seeking ways to cut its financial dependence on fossil resources, partially through utilizing the Public Investment Fund. After an almost six-month-long hiatus, the Saudi Sovereign Wealth Fu...

2023-04-22 00:33:58 ET Summary Ubisoft Entertainment SA is a company that creates, publishes, and distributes video games for various platforms worldwide. Ubisoft has seen accretive growth through increased recurring revenue, while also expanding its mobile gaming footprint. M...

2023-04-20 08:05:00 ET Videogame sales slipped 5% year-over-year in March, a victim of a tough comparison against the same month a year ago, when eight new games had juiced content revenues. Overall sales slid to $4.633B from last March's $4.875B, according to research group Circana. ...

2023-04-14 08:00:00 ET Summary Internet companies like Meta and Alphabet are actually considered part of the communication services sector after a GICS reclassification in September 2018. Most communication sector ETFs have actually been outperforming technology ETFs YTD. The ...

2023-04-04 12:30:52 ET Summary I've written about Ubisoft in the past, and while my stake in the company is extremely small, I believe the last few months have seen the company become very interesting. Ubisoft is in no shortage of trouble, with plenty of challenges on the horizon....

2023-03-29 14:42:29 ET Videogame sales rose 6% year-over-year in February, their biggest percentage growth since October 2021, with broad jumps buoyed by sharply higher spending on consoles. Overall sales rose to $4.6B from the previous February's $4.321B, according to Circana (the ...

Summary Tencent's revenues have been decelerating, largely as a result of economic and regulatory headwinds that have impacted the sector in general, but those headwinds are receding. Having dominated the games market on home soil, Tencent is expanding overseas and is seeing positive tr...

Summary Ubisoft now anticipates an FY 2022 operating loss of approximately €500 million, as compared to a €400 million profit predicted in less than 3 months. First, a weaker-than-expected sales record for Mario + Rabbids: Sparks of Hope and Just Dance 2023 pressured the c...

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 ...