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rafoix, do games w Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading

There AAA games.

Then there’s one AAAA game.

Next must be the AAAAA game they’re working on. It’s an extraction shooter.

RizzRustbolt,

Roguelike Deckbuilder Extraction Shooter.

TheBat,
@TheBat@lemmy.world avatar

AAAAA

The sound one makes when they’re forced to 100% Ubishit’s sandbox games.

What do you mean markers spread everywhere isn’t gameplay?

SlurpingPus,
Bronzebeard,

Then there’s one AAAA game.

I mean, they claim there’s one, but evidence says otherwise. Them spending a lot on their shitty arena shooter with boats didn’t make it any higher quality.

WhiskyTangoFoxtrot, (edited )
Katana314,
RichardDegenne,

fr.wikipedia.org/…/Association_amicale_des_amateu…

Sorry, the page doesn’t exist in English :(

ShinkanTrain, do games w Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading
Lootboblin,
@Lootboblin@lemmy.world avatar

e-sports washing

Credibly_Human,

Its not sports anymore. Its just media washing.

Comedy, games, whatever they can get their blood soaked hands on.

AwesomeLowlander, do games w Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading

What did they screw up recently?

the_strange,

The most recent release is probably Anno 117 which came out yesterday. While decently looking it’s lacking features of the previous title (like coop mode and mod browser) with the promise they will be added later and is priced at around 60€ or 90€ if you want to gamble on the quality of the promised to be released DLC. They also relied on AI generated images in some of the assets used in the game instead of paying their artists. Optimisation for the game seems to be ok, but not great but it might be too early to judge that fully yet.

AwesomeLowlander,

That seems like way too recent to have any impact, though. It wouldn’t even have made it into their report data

the_strange,

They tried to build a lot of hype around the game and get people to preorder. Maybe those numbers were (far) below expectations?

caut_R,

I don‘t get why they’d cheap out on artists, a couple people drawing illustrations is surely not gonna balloon development cost - and arguably one of the easiest places to spot when it‘s AI slop. It‘s as if they think there must be gen AI stuff in the game somewhere or the game‘s worse or something.

the_strange,

If you look at the older titles, there’s so much love and passion that went into the artworks. 1404 is 16 years old and has aged incredibly well, because of the high quality of the work that went into it. This is missing in 117.

Xotic56,

If they can save $10 a day somehow they’ll do it for the shareholders at the cost of anyone else around them.

That’s why they’re fucked now and I’m here for it. Screw the greed.

Klear,

What didn’t they screw up?

AwesomeLowlander,

Doesn’t really answer the question for people like me who didn’t follow their every action

Klear,

No, sorry. Sometimes I don’t want to answer a question and just feel like being a smartass to hopefully get a chuckle from a handful of people.

Xotic56 has you covered.

Xotic56,

Well starwars outlaws was supposed to sell 5.5 million copies to break even and they sold 1 million.

The CEO told people to get used to not owning the games they pay for

And overall every game they have made lately is soulless corporate suits driven slop.

They lost what made them special and unique and doubled down on it for years.

tuckerm, do games w Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading
@tuckerm@feddit.online avatar

Wait…you can just do that?

neukenindekeuken,

You can do whatever you want there, as long as you are ok with the penalties.

sp3ctr4l,

You… can…

But its… kind of a really bad move, from the perspective of anyone with money, involved in Ubisoft.

This is roughly the equivalent of an unannounced, sudden bank holiday, you know, right before everything over the FDIC insured 250k gets cleaned out.

Xotic56,

Yes because stocks are a straight up scam. It should be able to swing up and down as the market demands, but it doesn’t because every time there’s a potentially life changing movement up or down they halt it. They’ve done it many, many times before.

NotMyOldRedditName, do games w Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading

I’ve never heard of this happening before? I’m sure it has, but first time for me.

M0oP0o,
@M0oP0o@mander.xyz avatar

Oh it has, but the implications become clear when you look at the ones that did. Like evergrand…

LuigiMaoFrance,

Same. Companies can just halt trading of their stock?

Hawk,

Yeah, it happens to prevent a mass sell-off because of speculation.

Even if the news is positive, postponing is enough to make people speculate, so it’s a valid reason to halt trading.

Although I doubt it’s gonna be positive news for shareholders.

Kjell,
@Kjell@lemmy.world avatar

It happens sometimes. Usually it is when there are rumors that will have a significant impact on the stock. In that case the stock can be halted until the company gives a statement about it. I’m not sure if it is the company can halt it, I think they can request it and provide information why it should be halted and then it is up to the stock exchange to determine. And the stock exchange has its own rules for when to halt the trade.

I expect Ubisoft to update during the next week or perhaps already during the weekend and then the trading can continue.

Xotic56,

Yes because its all completely fabricated bullshit.

Pretty much a scam.

TemplaerDude, do games w Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading

Ubisoft is a textbook example of what happens when you pin your companies revenue on a small handful of IPs and milk them to the absolute fucking limit. I like assassins creed, but I’ve played enough of them for the rest of my life. Make something new my dudes.

Hawk,

They have so many great IPs that are just gathering dust or in development hell, yet they keep milking the same few games every year.

frog_brawler, do games w Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading

Too late to short it I guess

lechekaflan, do games w Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading
@lechekaflan@lemmy.world avatar

For being too fat for their own good, tear the damn thing down.

https://lemmy.world/pictrs/image/8b8aa916-f253-4d29-b2d3-5344b39e2653.png

ieatpwns, do games w Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading

But how do the shareholders feel?

M0oP0o,
@M0oP0o@mander.xyz avatar

Like they just licked a French doods ashtray.

SaveTheTuaHawk, do games w While we eagerly await the second coming of Steam Machines, it's worth remembering what a gloriously awful mess Valve got itself in over a decade ago

Netflix started on a concept of digital streaming that was impossible, so they pivoted to mailing DVDs until the tech appeared.

FarceOfWill, do games w Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading

A lot of very confused people here who think an earnings delay means ubi havent made much money. Cant say if they have or not, but if they havent thats still not a reason for this kind of delay

MolochAlter,

It’s not that, it’s the trade halt that points to something major (and bad for them) happening.

Alaknar,

They haven’t been doing too well recently. The trade halt is because they’re afraid that everybody would read the halting of the report as admission they’re barely afloat and start dumping shares, killing the company.

FarceOfWill,

Right, If the truth is theyre barely afloat theyre not going to change anything by delaying the report. The time its reporting has passed.

Alaknar,

Which is what leads me to believe that they caught an error in the report and needed to re-print it. Halting it now wouldn’t change anything financially.

pinball_wizard,

If the truth is theyre barely afloat theyre not going to change anything by delaying the report.

Sure. Long term.

But I can’t help but wonder how much a motivated executive could embezzle using some additional time…

TankovayaDiviziya, do games w Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading

The Ubisoft trading community are coping to justify holding on to their tanking investments. It’s a gambler doubling down on losing.

Christ, how the mighty Ubisoft has fallen. They will go the way of EA and become a spyware company for the decadent Arab royals. I’m just crying that Ubisoft made some of my favourite games growing up and look what they have done to my boy-- a rotting zombie 🥲

msage,

Ubisoft has been shit for a very long time.

I still recoil from the memory of Far Cry 3 dropping in the middle of the game because thier launcher had an issue, three times in one hour. Which reset my progress. Uninstall, never bought shit from them again.

MyNameIsAtticus,
@MyNameIsAtticus@lemmy.world avatar

It’s disappointing. I’ve been going through some of their older catalog recently and it just has a lot more passion behind it i feel.

AC Shadows felt like when i write an essay, where i get really motivated at the start, completely drop off and try to stuff the middle with as much as possible to reach the page count, then get motivated again at the end just to finish the conclusion. They always had their bugs, but lately it’s felt soulless.

TankovayaDiviziya,

In the Ubisoft trading community that I mentioned, some folks blamed UbiSoft’s downfall for “being woke”. As if Ubisoft’s blind chasing of money, abandoning most of their IP, selling broke products, and last but not least an executive telling consumers to get used to not owning games are not bigger factors.

Cricket, do games w Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading

Maybe the dog ate their homework?

ABetterTomorrow, do games w Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading

I don’t think video game companies should have gotten this big and/or complex……

Potatar,

Professional (as in they earn money, not skill level) Xers fuck everything up. (here, X is an arbitrary verb or a brand name)

My anecdotes: Youtube was good before professional youtubers became a thing (systemic problem, people are not the issue but the environment which breeds them), now it’s attention economy and or one topic discussed for 50 minutes (a video explaining the same topic with the same intensity from 10 years ago is 2 minutes long)

Gamers were problematic but harmless, professional gamers caused betting pandemic (sponsored content).

Streamers were funny, professional streamers are sexy/deadly-sells-to-children.

I liked it when people were sharing stuff online because they were bored, and not because they were hungry.

ABetterTomorrow,

The last line you said is top notch and sums it up well.

meisterah,

I’m noticing it happens with all companies.

They start out small and can’t afford to pay businesspeople to figure out how to fuck over their customers as hard as possible.

Then, after the company is successful thanks to the hard work of the workers, the business-school people start applying in droves to make sure every company operates like gas stations across the street from each other.

It results in companies making decisions like having higher budgets for advertising than what they spend on actually making a product, because the data says it will make them more money and stupid customers keep reinforcing it.

Nothing will meaningfully improve until our culture stops valuing people based on their wealth. I have no hope for that to happen in my lifetime.

zerofk, do games w Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading

Either way, he recommended that everyone “freak the fuck out for the next few days and speculate as much as possible until they announce something,”

Advice after my own heart. Freaking out and speculating are always the best move.

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