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Ubisoft stock falls following project cancellations

Hoàng Vĩnh

12 thg 1, 2023

Ubisoft stocks have plummeted following the news of several cancelled projects and lower than expected sales throughout 2022.

In a call with investors, the company said it was facing "major challenges as the industry continues to shift towards mega-brands and long-lasting titles", resulting in the underperformance of recent releases Mario + Rabbids: Sparks of Hope and Just Dance 2023.

Since the announcement, company stocks have fallen by 19 percent to trade at €19.26, the Financial Times reported.

Nguồn: Eurogamer

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