Ubisoft to Lower Revenue Expectations Due to Poor Game Performances

TapTechNews September 29th news, Ubisoft CEO Yves Guillemot in the recently held investor conference call, announced that due to the poor performance of its online game XDefiant and the sales of Star Wars: Outlaws being lower than expected, the company plans to lower its revenue expectations by 30%.

It is understood that although XDefiant performed moderately well in the first quarter, since August, the daily active user count (DAU) of this game has dropped below 200,000, and the subsequent daily reward plan has increased the DAU by 40%, but many players are not willing to spend too much money in the game, which has affected the long-term support of the game.

Nowadays, Ubisoft's stock is continuously falling. In the past 5 years, the company's share price has dropped by 80%. Referring to TapTechNews' report yesterday, the hedge fund AJInvestments, which holds 1% of Ubisoft's shares, recently disclosed that they are calling on Ubisoft's management to allow the company to be sold to a third party or private equity firm, and said that this proposal has received the support of 10% of shareholders.