Ubisoft Shares Fall 14 Percent After Company Forecasts Further Losses
Ubisoft shares fell 14 percent on Thursday after the game developer reported an operating loss and warned of continued declines in the coming year. The company posted full-year results showing lower net bookings and outlined ongoing restructuring measures.
finance.yahoo.comUbisoft shares fell 14 percent on Thursday after the French game developer reported an operating loss for its 2026 financial year and forecast further losses ahead. 4 percent from the prior year. Ubisoft said it expects full-year net bookings to decline by a high single-digit percentage with a single-digit operating loss margin.
The company is carrying out a major restructuring that includes discontinuing seven projects and delaying six others. 4 billion euros in 2026, and Ubisoft aims to reduce its cost base by nearly 200 million euros by March 2028. CEO and Cofounder Yves Guillemot said the upcoming financial year is expected to represent a low point in the company's free cash flow trajectory along with a softer release slate and restructuring costs.
"This two-year transformation comes with difficult decisions and a disappointing short-term financial performance, but I firmly believe that, together, these actions are better positioning Ubisoft to deliver sustainable free cash flow over time," he added.
4 percent.
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