Ubisoft has seen its stock plummet after the developer-publisher announced plans to delay the launch of three upcoming games until the next financial year.
Ubisoft announced on Thursday it would delay the release of Watch Dogs Legion, Gods & Monsters, and Rainbow Six Quarantine, all of which are now slated to release after the current financial year ends.
Consequently, Ubisoft shaved its outlook for full-year net bookings from €2.19 billion to €1.45 billion and drastically revised its operating income down from €480 million to €20-50 million. In response to the news, Bloomberg reports the publisher’s stock fell as much as 29 per cent in Paris, sending shares tumbling down 22 per cent – the lowest level they’ve been for six years.
Source: Eurogamer Ubisoft share price tumbles following delay of its 2020 releases