Ubisoft, the biggest French studio, has now fully retraced its bubble and returned to the mean. It’s currently valued at less than $1B, even though it generates between $1-3B a year, which seems undervalued. Of course, they’re not profitable every year; it’s unstable, and that’s an issue for rational investors.
But they’re not that far from being profitable again, they just need to cut some bs positions, bring back some strong IPs, and they’ll be back on track. I trust the process. Don’t you?
But they’re not that far from being profitable again, they just need to cut some bs positions, bring back some strong IPs, and they’ll be back on track. I trust the process. Don’t you?
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