2024

Wednesday

<p>In a tense stock market context, Ubisoft, the French video game giant, is set to unveil its semi-annual financial results this Wednesday. The company, which has been facing headwinds for several months, sees its stock fluctuating as rumors of a possible takeover by Tencent intensify.</p>
<h2 id="h-ubisoft-devoile-ses-resultats-le-titre-sous-pression-en-bourse">Ubisoft unveils its results, stock under pressure in the market</h2>
<p><a href="https://www.cointribune.com/ubisoft-sinstalle-sur-le-web3-avec-nft-lapins-cretins-sur-the-sandbox/" target="_blank" rel="noopener noreferrer nofollow">Ubisoft’s stock</a> experienced a spectacular drop on the stock market, hitting a historic low of 9.01 euros in September. Since then, the stock has recovered to 13.93 euros, mainly supported by rumors of a possible group buyout.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>This stock market volatility can be explained by <a href="https://www.la-croix.com/ubisoft-attendu-au-tournant-pour-ses-resultats-financiers-20241030" target="_blank" rel="noopener noreferrer nofollow">several worrying factors</a>. Firstly, recent sales have not met the set targets, forcing the company to revise its financial forecasts downward. The postponement of the highly anticipated “Assassin’s Creed Shadows” to February 2024 has also shaken investor confidence.</p>
<p>In the face of these challenges, Ubisoft launched an ambitious 200 million euro cost-saving plan at the beginning of 2023. While this initiative aims to strengthen the group’s profitability, it nonetheless raises questions about its ability to maintain the development of innovative new games.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://coinbase-consumer.sjv.io/c/2801338/552039/9251" target="_blank" rel="noopener noreferrer nofollow">Your 1st cryptos with Coinbase</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-l-hypothese-tencent-ravive-l-interet-des-investisseurs">The Tencent hypothesis reignites investor interest</h2>
<p>Recent rumors of a rapprochement with <a href="https://www.cointribune.com/tencent-un-coup-de-pouce-pour-le-metaverse-en-asie/" target="_blank" rel="noopener noreferrer nofollow">Chinese giant Tencent</a> have injected new dynamics into the stock. Already a 10% shareholder since 2022, the Asian group could consider a total takeover, according to several market sources.</p>
<p>This buyout perspective has notably been highlighted by the Slovak fund AJ Investments, which has publicly called on Ubisoft’s management regarding its strategy. The minority shareholder demands clarity on the group’s intentions regarding Tencent’s approaches.</p>
<p>The Guillemot family, which still holds the reins of the company, currently maintains a wait-and-see position, simply stating that they are “regularly reviewing all their strategic options.” This caution in communication has fueled speculation in the markets.</p>
<p>The publication of the semi-annual results this Wednesday will constitute <a href="https://www.cointribune.com/crypto-la-blockchain-a-t-elle-vraiment-sa-place-dans-le-gaming/" target="_blank" rel="noopener noreferrer nofollow">a crucial test for Ubisoft</a>. Beyond the figures, investors will be particularly attentive to strategic prospects and any announcements regarding the evolution of the group’s shareholding.</p>

Stock Market: Ubisoft’s Semiannual Figures, The Moment Of Truth Is Approaching!

Table of Contents

Cointribune EN

Other articles published on Oct 30, 2024

Trump’s Proposal for Tax-Free Crypto Transactions; Can This Turn America Into A Leading Crypto Hub?

Decentralized network Uplink tops 40K routers, targets lower internet costs

Bitcoin technical indicator predicts BTC cycle peak in $174K–$462K range

BlackRock’s U.S. Spot Bitcoin ETF Hits Record $30B AUM in 293 Days

Morph Announces Mainnet Launch on Ethereum, Paving the Way for Consumer Blockchain Adoption (30 Oct)

Sui Network Attracts Significant Investment and Expands User Base

Join our free newsletter for daily crypto updates!