Ubisoft Cuts Fiscal 2023 Guidance and Cancels Three More Games; Lowering FVE to EUR 35

Despite being smaller than peers like EA and Activision Blizzard, Ubisoft owns some of the best-known video game franchises, including Assassin’s Creed and the Tom Clancy series. The firm continues to expand its roster by creating new franchises like Watch Dogs in 2014 and For Honor in 2017. We expect Ubisoft to continue benefiting from creating games for the current and next generation of consoles, the ongoing revitalization of PC gaming, and the growth of mobile gaming.