Updated

Updated · CNBC · May 21

Ubisoft Shares Plunge 16% After Profit Loss Warning as Restructuring Costs Deepen

Updated

Updated · CNBC · May 21

Ubisoft Shares Plunge 16% After Profit Loss Warning as Restructuring Costs Deepen

1 articles · Updated · CNBC · May 21

Ubisoft stock fell 16.7% on Thursday after the game maker warned the coming financial year would be a low point for free cash flow and bring further losses.
Yves Guillemot blamed a softer release slate and restructuring costs, saying the company is in a two-year transformation that will hurt short-term financial performance.
The selloff extends a longer slump driven by post-pandemic struggles and delays to major releases, with Ubisoft shares already down about 38% this year.
January's restructuring announcement had already knocked the stock 34%, underscoring investor concern over whether the overhaul can restore sustainable cash flow.

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