The French games giant’s biggest money-spinner has drawn over three million players since its March release.
NEW YORK: Earnings data from French games giant Ubisoft is set to show on Wednesday that historic cash-cow series “Assassin’s Creed” has saved it from a disastrous year with multiple setbacks. The full results for Ubisoft’s 2024-25 financial year, set for release after the Paris stock market closes at 1530 GMT, will be closely watched following a near half-billion-euro loss in 2022-23, rebounding to a net profit of almost €158 million in 2023-24.
Ubisoft chief executive Yves Guillemot told France’s Senate this month that the financial data would be “balanced” for this year, during a hearing into public subsidies for major companies. Spinning off the biggest-selling games “was the least committal of the available options without simply returning to shareholders empty-handed,” said Martin Szumski, an analyst at Morningstar.
Since January, the shares have lost more than 12%, touching their lowest price in over a decade in April. Looking ahead, “if Ubisoft is unable to use the money Tencent invested in a meaningful way, it is certainly possible that Tencent pursues buying the firm outright” even in the face of fierce resistance from the founding Guillemot brothers, Szumski suggested.
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