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Ubisoft ( OTCPK:UBSFY ) is working to make sure its players aren't left in the lurch by the coming shutdown of Google's ( GOOG ) ( GOOGL ) cloud gaming service Stadia. The company says it's working to bring games owned on Stadia to the Ubisoft Connect PC platform. ...
Ubisoft Entertainment ( OTCPK:UBSFY ) fell 6% in U.S. trading Thursday (and dropped 7% in Paris trading) alongside a downgrade at Stifel to Hold, from a previous Buy. That's due to a combination of factors, analyst Drew Crum points out, including "what we view as overly ...
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 ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Chinese multinational technology firm Tencent (OTCMKTS: TCEHY ) generated headlines when it effectively increased its stake in popular video game developer Ubisoft (OTCMKTS: UBSFY ), sending TCEHY stock slightly hig...
Tencent Holdings ( OTCPK:TCEHY ) is more than doubling its holdings in French videogame maker Ubisoft ( OTCPK:UBSFY ), the company says, as the founding Guillemot brothers sell a minority stake in its family business. Ubisoft stock is jumping: It's risen 14% in U.S. ...
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%...
Ubisoft Entertainment SA saw a decline in booking growth in the most recent quarter. Delays of the Avatar gaming title could also place downward pressure on net bookings. I do not take a bullish view on this company at this point in time. Investment Thesis: Lack of net b...
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...
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2023-11-03 05:12:00 ET Microsoft 's recent acquisition of Call of Duty maker Activision Blizzard for $68 billion shows that top video game producers are highly prized assets. Leading game companies attract large audiences with their best-selling titles, and these players tend t...