Ubisoft slides after six-game cancellation and major restructuring
TL;DR Summary
Ubisoft’s stock dropped about 33% after it announced a broad restructuring, closing studios and canceling six games, and warned of around €1 billion in operating losses for the year ending 2026 with a €650 million write-down. The plan includes €500 million in cost cuts, aiming for fixed costs of €1.25 billion by 2028, and net bookings of roughly €1.5 billion for 2026, with potential asset sales as part of the reset.
- Ubisoft shares plummet 33% after Assassin’s Creed maker unveils reorganization, cancels six games CNBC
- Ubisoft Shares Slump on Plans for Major Structural Overhaul The Wall Street Journal
- Prince of Persia Remake Game Canceled Amid Ubisoft Reorg, Layoffs Variety
- Ubisoft Cancels Six Games, Slashes Guidance in Restructuring Bloomberg
- Ubisoft asking all staff to return to office full-time to "boost the collective performance for AAA" GamesIndustry.biz
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