Image source: Ubisoft
Let us remind you that following the cool reception of Star Wars Outlaws and low interest in the shooter XDefiant in early September, Ubisoft securities fell by 7.6% to €15.5, in addition to a 30% drop since the beginning of 2024.
By the end of the month, things only got worse – from September 25 to 26, the price of Ubisoft shares immediately fell by 17% and at the time of publication is €9.5 per unit. The figure has not fallen this low since November 2013.
Ubisoft share price since early 2024 (image source: Google Finance)
Secondly, Ubisoft revised its financial forecast for the second quarter (instead of €500 million, the company now expects €350-370 million in net sales) and reduced the target for the current fiscal year to €1.95 million, which is lower than last year’s result.
Image source: X (KeenEyeVP)