Ubisoft Stock Plummets 15% After 'Assassin's Creed Shadows Trailer Debut And Company Failed To Meet Forecasted Sales Figures
Ubisoft stock plummeted over 15% after the company released its first trailer for Assassin's Creed Shadows and reported it missed forecasted sales figures.
It almost feels like the games industry is healing itself, that's wonderful to see.
Eh, I wouldn't be so optimistic. It's still higher than in March and has already recovered 1/3 of those 15%.
https://finance.yahoo.com/quote/UBI.PA/
True, their revenue needs to get way lower, it's amazing people will still buy this crap but to be frank I have deep suspicions about their profit margins to begin with and how many of their sales are in fact real given that literally nobody not even the normies like Asmongold are buying into this crap anymore.
Yes I'm being paranoid, yes I think there's a conspiracy afoot and yes I think it probably involves the investment firms propping these weird companies up. You look at the financials of the publicly traded games companies out there and the amount of investment firm money being pumped into them is extremely strange. I also think this coincides with the amount of these tone deaf bot reviews we see on steam bumping them up to the top sellers list so often. I only have speculation at the moment but I would not be shocked if things get bad for them we'll start seeing leaks.
Considering how Disney would buy out entire movie theater rooms to make their ticket sales numbers seem higher than they really were, the practice you're talking about isn't unheard of.
This is what is hilarious to me. Going full digital made it so game companies can’t guarantee a revenue stream from physical stores. Big companies have pretty much dug their own grave through removal of a reliable revenue stream. It does allow the companies to fudge the numbers (especially through streaming services) but it’ll only last as long as the investors don’t ask questions.
Only for investors that are giving them money directly like Blackrock with their ESG loans. Investors can pump up the stock price as much as they want. Ubi doesn't get any of that money. Without money coming in from sales, a high stock price just means a harder crash for those ignorant investors.
And like Disney stockholders, they will deserve every bit of it.
Physical copies are essentially guaranteed revenue, since most retailers would rather mark down a shitty game than go through the hassle of returning them to the distributor.
That said, there's always the risk that big fish like Walmart will ram a spiky dildo up a publisher's ass if it's shitty enough.
pretty close to correct. if they don't go full DEI and globalist liberal propaganda they'll be put out of business. the rates on their loans will be jacked up and they'll have difficulty funding any future game.
gaming companies are propaganda outlets now. that's just how it is. once they overshadowed movies in terms of viewers/players and yearly revenue it was going to happen.