As a seasoned gamer with over two decades of experience under my belt, I must say that the current state of Ubisoft is a cause for concern. The continuous decline of their stock prices to 11-year lows is a clear indication of a struggling company, and as a shareholder, it’s hard not to feel the pinch.
On Thursday, following the announcement that Assassin’s Creed Shadows will be released in February 2025 instead of its original date, Ubisoft’s shares plummeted to a 11-year minimum on the London Stock Exchange, marking a new downward trend for the company.
Currently, the price of Ubisoft’s stock stands at €9.28 per share, marking the first time since November 2014 that it has dipped below €10. This current trading value signifies a close-to-20% decrease from yesterday’s record low in over six years.
Ubisoft is facing more difficulties, as its stocks have dropped to their lowest point in over eleven years at the London Stock Exchange. This downturn occurred a day following the announcement of a delay for the release of Assassin’s Creed: Shadows.
— Mike Straw (@mikestrawmedia.com) 2024-09-26T10:38:11.567Z
As a devoted gamer, I’ve got some disappointing news to share. In just under a month, Ubisoft’s market value has taken a hit and dropped from approximately €1.99 billion down to €1.27 billion. It’s a tough blow for us gamers who love their games!
As of this writing, U.S. trading has not yet started, but it concluded on Wednesday at $2.25 per share. Given the trends in the London market, a potential decline in the U.S. might also occur.
On Wednesday, Ubisoft disclosed not just the postponement of Assassin’s Creed Shadows, but also several unfavorable news items for investors. They adjusted their financial expectations downward for the second quarter of FY2025 and the rest of the year, admitted that Star Wars Outlaws fell short financially, and initiated an inquiry into the company’s operations.
1) The organization has pledged additional updates and enhancements for Star Wars Outlaws following its underwhelming debut, and they’ve further revealed that Ubisoft titles like Assassin’s Creed: Shadows will resume Day One launches on Steam.
It’s uncertain whether these changes will be sufficient to attract both investors and players to improve the situation, as the current market reaction suggests they might not be enough at this point.
What do you think of Ubisoft stock prices continuing to fall like this? Join the discussion in the official TopMob forums.
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2024-09-26 14:17