July 3, 2022

Ubisoft Stock Prices Fall Following Delay Announcements

Late last week, we reported that Ubisoft would be delaying several games following the company’s recent earnings call. Ubisoft has seen its stocks plummet as a result of these delays.

Ubisoft announced they would be delaying the release of Watch_Dogs Legion, Gods & Monsters, and Rainbow Six Quarantine. All three will now be released after the company’s current fiscal year. Meaning the earliest release will be March 2020.

As predicted, Ubisoft has seen a large drop in their shares as a result. The company had trimmed its full-year net bookings from €2.19 billion to €1.45 billion. Ubisoft also dramatically altered their operating income from €480 million to between €20 & €50 million.

As a result of this, Bloomberg reported that Ubisoft’s stocks fell as much as 29% in Paris. This drop saw a 22% fall in share prices, the lowest level the company has seen for six years.

Ubisoft CEO Yves Guillemot spoke about Ghost Recon Breakpoint. Amongst his comments was how the game had been received by the community. In a press release, Guillemot mentioned how Breakpoint’s quality “appeared on-track” prior to its release. Yet, despite this, “critical reception and sales during the game’s first weeks were very disappointing”.

Ubisoft has vowed to continue to support the game despite its shortcomings, and the company will “listen to the community in order to deliver the necessary improvements”.

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