The French video game company pushed the release date for Assassin’s Creed Shadows—the next instalment of one of its most popular franchises—by three months to February 2025. Ubisoft also cut its net-bookings guidance to between €350 million and €370 million for its next quarter, down from its previous estimate of €500 million. For the full year, it expects bookings of €1.95 billion, lower than its last fiscal year. Ubisoft’s shares closed down more than 13 per cent in Paris Thursday, now at a decade low. (The Logic)
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The French video game company pushed the release date for Assassin’s Creed Shadows—the next instalment of one of its most popular franchises—by three months to February 2025. Ubisoft also cut its net-bookings guidance to between €350 million and €370 million for its next quarter, down from its previous estimate of €500 million. For the full year, it expects bookings of €1.95 billion, lower than its last fiscal year. Ubisoft’s shares closed down more than 13 per cent in Paris Thursday, now at a decade low. (The Logic)
Talking point: Ubisoft has around 5,000 employees in Canada, with a particularly large presence in Montreal. Its Quebec City studio is leading development on the new Assassin’s Creed. Since the pandemic, the company has struggled with a string of other game delays and poorly received releases, and said Wednesday that it has launched a review aimed at “improving our execution.” Meanwhile, activist investor AJ Investments has been pushing for a CEO replacement and to sell the company.
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