After a pandemic-fueled boom, most major gaming companies disappointed investors in 2022 due to a thin release schedule and an economic slowdown that kept a lid on sales of all but the most popular titles.
Ubisoft Entertainment SA, Nintendo Co., Electronic Arts Inc., Take-Two Interactive Software Inc., and GameStop Corp. all posted results for the last quarter that missed Wall Street’s expectations or shared disappointing outlooks for the beginning of this year. Last year, there was a dearth of blockbuster game releases and several anticipated titles slipped into 2023. Many of the big games that did publish, like Ubisoft’s Mario + Rabbids: Sparks of Hope or Take-Two’s Marvel’s Midnight Suns, didn’t see the kind of demand publishers had hoped.
