Hope all is well everyone. Given the difficult circumstances, especially here in the States.
(WEAR A MASK!)
There’s still not much else to do these days besides talk about gaming, media and tech amirite? Good news is there’s a bevy of information dropping recently and in the near future from companies about the status of their businesses amid the coronavirus landscape.
Helping navigate is my quarterly earnings calendar covering these major sectors. Above is the image for quick reference and below is the usual Google Doc with everything including investor links.
I recommend keeping a close eye in particular on the three companies below as you hopefully stay safe during this time.
Ubisoft Entertainment SA (UBI): Wednesday, July 22
The maker of games in major franchises like Assassin’s Creed and the Tom Clancy lineage actually reported already last week in what was the most significant communication from a PR standpoint in its recent history. As shared by various outlets including an extensive article from Bloomberg, multiple Ubisoft executives are facing ongoing allegations of sexual abuse or misconduct including the main creative officer of the company Serge Hascoët who recently resigned.
The French publisher’s numerical performance was sound, with increases in sales and engagement for catalog titles especially, yet the real topic was the company’s approach to addressing toxicity in its studios. CEO Yves Guillemot claims to be committed to changing its culture. Which desperately needs to happen on a broad scale. It’s way too early to know if he will, at least the company has a plan in place to move towards a more welcoming environment for everyone. Especially women, people of color and LGBTQ employees.
Sony Corp (SNE): Tuesday, August 4
Sony is a sizeable company with a diverse set of ventures, though its gaming division continues to be the feature especially this summer. We’ll notice the impact even more in its latest quarter due to the flagship release of The Last of Us Part II in June. Like many critics, I showered Naughty Dog’s latest with praise in my recent review. This widespread critical admiration is translating to commercial success as the game was the fastest-selling PlayStation 4 exclusive ever, selling-through 4 million copies in three days and the number one grossing title in the United States during the month of June.
The Japanese tech conglomerate should also benefit from growing PlayStation Plus memberships, which reached 41.5 million last quarter up from 36.4 million the prior year, plus higher demand in its other consumer businesses amidst continuing stay-at-home situations globally. Just as intriguing will be its forecasts for future quarters and the upcoming fiscal year, given the significance of its PlayStation 5 release this holiday.
Walt Disney Co (DIS): Tuesday, August 4
Disney is one of those companies that experiences both sides of virus impact. Coronavirus has naturally caused massive disruption in its park and cruise operations, resulting in significant earnings declines last quarter. Though the media leader benefits financially in subscriptions to its Disney+ streaming service, which totaled 54.5 million users as of its last quarterly report. Compare this to the 33.5 million in March and you can see the potential as the virus looms or even returns in areas.
In arguably its biggest get yet, the movie version of Broadway hit play Hamilton launched on the service in early July, surging downloads by 74% over its debut weekend. There’s also the sports angle, as the National Basketball Association (NBA) is set to restart its season this Thursday, July 30 exclusively at the ESPN Wide World of Sports at its Florida location. While these latest developments won’t impact the latest quarter-ending results, Disney’s forecast for future growth will reveal how much they can offset the lower park and vacation revenue near term.
Thank you again to all those on the front lines of fighting the coronavirus, and to those working through the pandemic wherever you are whether it’s helping to deliver packages or working essential retail.
Hopefully chatting about these industries, companies, products and experiences can help during the downtime. Appreciate the visit!
Sources: Bloomberg, Company Investor Relations Websites, NPD Group, PlayStation Blog.