This is the largest drop in the company's stock price in the past 16 months. Analysts also adjusted their forecasts
Ubisoft share prices plummeted after the announcement of Assassin's Creed Shadows, and at one point were selling at 19.78 euros (-15%). It was the biggest drop in the company's stock price in 16 months.
CIC Markets analyst Eric Ravari notes that the company will disappoint in the current financial year, reducing its operating forecast from 471 million to 412 million euros. Ubisoft itself adjusted the forecast to 400 million euros for the financial year.
Until the end of the fiscal year (March 2025), Ubisoft can still win back the decline by releasing XDefiant, Assassin's Creed Shadows, Star Wars Outlaws on PC and consoles, as well as The Division Resurgence and Rainbow Six Mobile on iOS and Android.
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Image credit: Ubisoft. Image source: Ubisoft