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Ubisoft Share Prices plummet with Postponement of Releases

by ace

Ubisoft saw its shares plummet after the publisher-developer announced plans to delay the release of three upcoming games until next financial year. Ubisoft announced on Thursday that it would postpone the release of Watch Dogs Legion, Gods & Monsters and Rainbow Six Quarantine, which are scheduled to launch after the end of the current financial year.

As a result, Ubisoft reduced its full year net reserves outlook from 2.19 billion euros to 1.45 billion euros and drastically revised its operating revenue from 480 million to 20-50 million euros. In response, Bloomberg reports that the publisher's shares have fallen as much as 29% in Paris, sending shares falling 22% – the lowest level they have been at for six years.

As Matt reported, all three games were released before the end of March 2020, with Gods & Monsters and Watch Dogs: Legion even receiving firm release dates of February 25 and March 6, 2020, respectively.

Ubisoft

Now, however, Ubisoft has confirmed that all three titles will be released sometime in the next financial year, which runs from April 2020 to March 2021.

Ubisoft CEO Yves Guillemot spoke openly about Breakpoint in a press release accompanying the announcement and explained that while the quality of the game “appeared on track” prior to launch, “critical reception and sales during first weeks of the game were very disappointing. ”

Despite its relative failure, however, Ubisoft says it will continue to support the game "and listen to the community to provide the necessary improvements." The delay will also see games "optimized for the next generation of consoles".

So far, the company has not revealed when we might see the release of games next financial year, and there has been no update on its pirate multiplayer adventure Skull & Bones, which was also postponed until next financial year in May.

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