NeoGAFs Kent Brockman
Ubisoft Stock Price Plummets
Following the news of another Skull and Bones delay, unannounced game cancelations, and disappointing sales, Ubisoft's stock price takes a tumble.
Following a dire sales report, another game delay and three cancelations, Ubisoft's stock price took a 10% hit on the Dow Jones. Despite Ubisoft having a number of high profile games currently in development including Avatar: Frontiers of Pandora, an unannounced Star Wars title, and Assassin's Creed Mirage, the French company appears to be in a bit of dire straits at the moment. Thanks to a recent financial report and emergency investor call, Ubisoft revealed some dire news to the public.
The news no doubt concerned investors as well as traders as Ubisoft stock price on the Dow Jones took an initial 10.5% hit, which then continued in its downturn to nearly 14% a few hours later. The stock prices, at the time of writing, sit at $4.40 which have hit a seven-year low for the company. Combined with the game cancelations from June 2022, Ubisoft has now canceled seven games in total over the past 6 months, no doubt contributing to the uncertainty.