Ubisoft share price tumbles following delay of its 2020 releases

Ubisoft share price tumbles following delay of its 2020 releases

Ubisoft share price tumbles following delay of its 2020 releases Eurogamer.net If you click on a link and make a purchase we may receive a small commission. Read our editorial policy. Ubisoft share price tumbles following delay of its 2020 releases Developer revises its operating income down from €480 million to €20-50 million. News by Vikki Blake Contributor Updated on 27 Oct 2019 52 comments 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. As Matt reported, all three games were initially due to launch before the end of March 2020, with Gods & Monsters and Watch Dogs: Legion even receiving firm release dates of 25th February and 6th March 2020 respectively. Now, however, Ubisoft has confirmed that all three titles will now launch sometime in its next financial year, which runs from April 2020 to March 2021. Ubisoft CEO Yves Guillemot talked candidly about Breakpoint in a press release accompanying the announcement and explained that while the game's quality "appeared on track" prior to release, "critical reception and sales during the game's first weeks were very disappointing". Despite its relative failure, however, Ubisoft says it will continue to support the game "and listen to the community in order to deliver the necessary improvements". The delay will also see the games "optimised for the next generation of consoles". As yet, the company has not revealed when we might see the games launch in the next financial year, and there was no update at all on its multiplayer pirate adventure Skull & Bones, which was also delayed into the next financial year back in May. Watch on YouTube Become a Eurogamer subscriber and get your first month for £1 Get your first month for £1 (normally £3.99) when you buy a Standard Eurogamer subscription. Enjoy ad-free browsing, merch discounts, our monthly letter from the editor, and show your support with a supporter-exclusive comment flair! Support us View supporter archive More News Splatoon 3 Amiibos will be out next month Ink-coming! 3 Fans think Phil Spencer's shelf is teasing the Xbox Game Pass streaming box UPDATE: Xbox confirms old Keystone prototype. 61 Modder dives into Demon's Souls files following PS5 jailbreak, discovers fabled Ring of the Chieftain Who knows what's nexus? 4 Google announces cloud gaming Chromebooks less than a fortnight after Stadia shutdown GeForce Now preinstalled. 11 Latest Articles Digital Foundry Sennheiser's legendary HD 599 open-back headphones are just £70 at Amazon in the Prime Early Access Sale Comfortable with neutral sound and a wide sound stage. Preview Football Manager's new Console edition is the best you'll get without a PC Getting Touch-right. 1 Splatoon 3 Amiibos will be out next month Ink-coming! 3 Fans think Phil Spencer's shelf is teasing the Xbox Game Pass streaming box UPDATE: Xbox confirms old Keystone prototype. 61 Supporters Only Premium only Off Topic: Take a minute to appreciate Cookin' with Coolio's incredible scallops recipe. What a great book. Premium only Off Topic: Reading City of Glass in comic form "Where exactly am I going?" Premium only Off Topic: Il Buco is a transporting film about a really big hole Underlands. Off-Topic Netflix handled Sandman brilliantly It was Dreamy. 9 Buy things with globes on them And other lovely Eurogamer merch in our official store! Explore our store
Share:
0 comments

Comments (0)

Leave a Comment

Minimum 10 characters required

* All fields are required. Comments are moderated before appearing.

No comments yet. Be the first to comment!