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[1/2] A view of the Ubisoft Entertainment logo in Saint-Mande, near Paris, France, September 8, 2022. The maker of the blockbuster "Rainbow Six" franchise reported net bookings of 554.8 million euros ($584.09 million)for the three months to September 30, well above its target of 350 million euros. For the third quarter, the company expects net bookings of around 610 million euros. The group reported operating income of 16.1 million euros for the six months to end September, after a loss of 215.3 million euros in the same period last year. ($1 = 0.9498 euros)Reporting by Enrico Sciacovelli and Olivier Cherfan, editing Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.

Persons: Sarah Meyssonnier, Ubisoft, Yves Guillemot, Mirage, Enrico Sciacovelli, Olivier Cherfan, Jane Merriman Organizations: Ubisoft Entertainment, REUTERS, Ubisoft, Pandora, Rainbow Six Mobile, Thomson Locations: Saint, Paris, France

☆ Ubisoft shares pop 9% on revised Microsoft-Activision deal
▼ + stars: | 2023-08-22 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Yves Guillemot, CEO and co-founder of Ubisoft, speaks at the Ubisoft Forward livestream event in Los Angeles, California, on June 12, 2023. Shares of French game maker Ubisoft popped 9% in Europe trading Tuesday after Microsoft submitted a new deal for the takeover of Activision Blizzard to try and appease wary U.K. regulators. The U.K.'s Competition and Markets Authority confirmed it blocked the original $69 billion deal that Microsoft first put forward in January 2022. Instead, these rights will be divested to Ubisoft before Microsoft's acquisition of Activision Blizzard. Ubisoft offers cloud games on services like Amazon Luna and Nvidia 's GeForce Now, which compete with Microsoft's Xbox streaming service.

Persons: Yves Guillemot, Brad Smith, Tom Clancy's, Smith, CNBC's Arjun Kharpal Organizations: Ubisoft, Microsoft, Activision Blizzard, Markets Authority, CMA, Activision Blizzard PC, Activision, Amazon, Nvidia Locations: Los Angeles , California, Europe, U.S

May 16 (Reuters) - French video game producer Ubisoft (UBIP.PA) posted the biggest operating loss in company's history on Tuesday but stuck to its guidance for the current financial year, citing a renewed focus on blockbuster titles. The maker of the hit "Rainbow Six" franchise posted a full-year non-IFRS operating loss of 500.2 million euros ($550.6 million), in line with a target announced in its January profit warning. The family-run firm has been dogged by game cancellations and delays in recent years, booking a writedown estimate of around 500 million euros in 2022 due to research and development expenses. The Paris-listed publisher confirmed its estimate for a full-year core profit of around 400 million euros, while forecasting first-quarter net bookings of around 240 million euros. ($1 = 0.9084 euros)Reporting by Victor Goury-Laffont and Enrico Sciacovelli; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ This Binance-backed Web3 gaming startup just raised $5 million. Check out the 13-slide pitch deck Unagi used to raise the seed round.
▼ + stars: | 2023-02-17 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

French blockchain gaming company Unagi has raised $5 million in seed funding. French blockchain gaming startup Unagi has raised $5 million in seed funding as it looks to expand its offering. "It's been an interesting time with a lot of struggles for us as we arrived after the peak of the market," Guillemot, Unagi cofounder, told Insider. The $5 million fundraise was led by early-stage VC and game developer, Sisu Game Ventures. This latest fundraise, which follows a recent $4.3 million fundraise with Binance Labs, doubles the company's valuation to $37.2 million, Unagi said.

☆ Assassin's Creed maker Ubisoft reports Q3 net bookings in line with forecast
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +1 min

Feb 16 (Reuters) - French video game producer Ubisoft (UBIP.PA) reported on Thursday net bookings of 726.9 million euros ($776.2 million) in its third quarter to the end of December, in line with its forecast. That was a drop of 2.6% year-on-year, however, with Ubisoft citing the impact of the macro-economic environment on the video game market and the company's performance. The gaming market is set to fall 4.3% in 2022, according to estimates from gaming market research firm Newzoo. The company stuck to January's guidance for an operating loss of around 500 million euros in its 2022-23 year. Ubisoft said its line-up for the next fiscal year would include Skull & Bones - first revealed in 2017 - Assassin’s Creed Mirage and Avatar: Frontiers of Pandora.

☆ Gaming’s winter of discontent bolsters M&A logic
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +2 min

LONDON, Jan 12 (Reuters Breakingviews) - The holiday quarter is traditionally a bumper one for gaming groups, as punters stay home to play. As consumers and companies focus on “mega-brands”, smaller firms will struggle to attract staff, and match investment. Sony, for example, will need to bulk up in response to Microsoft’s (MSFT.O) $69 billion swoop on Activision Blizzard (ATVI.O). However, in a tougher environment, Guillemot will need to find some way to keep his hand on the joystick. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Ubisoft cancels three games and slashes targets, citing 'worsening macroeconomic conditions'
▼ + stars: | 2023-01-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin's Creed. Ubisoft canceled three unannounced games and slashed its full-year financial targets Wednesday, blaming "worsening macroeconomic conditions" that have plagued the video game industry. The French game publisher said it expects 2022 net bookings to come in at 725 million euros ($779.4 million), lower than an earlier target of 830 million euros. For the full year, Ubisoft said it expects its 2022 net bookings to fall 10%. Tencent invested 300 million euros in Guillemot Brothers Limited, taking a 49.9% stake in the family investment firm that owns 15% of Ubisoft.

☆ French video game maker Ubisoft increases writedowns and lowers targets
▼ + stars: | 2023-01-11 | by ( Mathieu Rosemain | ) www.reuters.com time to read: +2 min

SummarySummary Companies Plans 200 million-euro cost cuts, staff reductionCuts quarterly, full-year sales targetsPARIS, Jan 11 (Reuters) - Ubisoft (UBIP.PA) is increasing its writedown estimate to 500 million euros ($538 million) and cutting its full-year revenue target after ending 2022 with weaker-than-expected sales, the French video game maker said on Wednesday. Ubisoft cited the deteriorating economy, marked by lower spending on non-essential goods, to explain the acceleration of the depreciation, previously targeted at 400 million euros. Duguet declined to elaborate on the size of the staff reduction, which will be made through attrition, the company said. Net bookings in the third quarter are now expected at 725 million euros, down from a previous estimate of 830 million euros. Ubisoft said it was targeting operating income of around 400 million euros for fiscal 2023-2024, after taking into account the less favourable economic environment.

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