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Ubisoft has delayed the publication of its first-half outcomes and requested a short lived suspension of buying and selling in its shares and bonds, the French online game writer stated on Thursday night time.
The halt — which applies to Ubisoft’s strange shares, company bonds and two sequence of convertible bonds — got here into impact when markets opened on Friday and can stay in place till Ubisoft releases the postponed figures “within the coming days,” the corporate stated in a assertion on Euronext. It can inform the market as soon as buying and selling is ready to renew.
Ubisoft’s chief monetary officer Frederick Duguet informed staff in an inner memo that the halt was meant to “restrict pointless hypothesis and market volatility throughout this quick delay” because the group took additional time to finalise the closing of the semester, Reuters reported.
Headquartered in Saint-Mandé, Ubisoft is finest recognized for franchises together with Murderer’s Creed, Far Cry, Simply Dance and Tom Clancy’s Rainbow Six.
Ubisoft can also be reshaping its operations. In July, the corporate stated it might reorganise its studios below new “artistic homes,” a construction geared toward simplifying how its main franchises are managed.
Earlier this yr, Ubisoft additionally created Vantage Studios, a €4 billion subsidiary that can develop and handle the Murderer’s Creed, Far Cry and Tom Clancy’s Rainbow Six sequence.
Chinese language know-how multinational Tencent acquired a 25% stake for €1.16bn, although Ubisoft will retain unique management of the brand new unit.
Ubisoft’s shares have fallen 49% for the reason that begin of the yr amid uneven gross sales efficiency and organisational change.
The corporate’s most up-to-date full-year outcomes confirmed internet bookings down 20.5% to €1.85 billion in fiscal yr working from 2024 to 2025, though the group generated optimistic free money movement and continued to scale back its fastened price base.
Administration stated on the time that Ubisoft was coming into a “new chapter” targeted on streamlining its portfolio and reshaping its working mannequin.
More moderen buying and selling knowledge exhibits combined momentum. First-quarter internet bookings fell 2.9% to €281.6 million, with softer outcomes from Rainbow Six Siege.
In contrast, Murderer’s Creed Shadows reached greater than 5 million gamers since launch, and back-catalog bookings rose 4% year-on-year on continued engagement in titles akin to The Division 2 and Star Wars Outlaws.
Ubisoft declined to remark on account of its quiet interval.
