Minutes before it was scheduled to release its first-half earnings, the French publisher with a network of Canadian development studios announced it would push back the results to some time in “the coming days” and had requested that Euronext halt trading of its shares and bonds until that time. (The Logic)
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Minutes before it was scheduled to release its first-half earnings, the French publisher with a network of Canadian development studios announced it would push back the results to some time in “the coming days” and had requested that Euronext halt trading of its shares and bonds until that time. (The Logic)
Talking point: The earnings postponement is another twist in a surprising year for the publisher, which employs more than 5,400 people across its seven Canadian studios. Ubisoft started the year by delaying its Quebec City studio’s Assassin’s Creed: Shadows for a second time, but the game proved successful enough that the company pushed back more major titles, leaving it with a dearth of big releases this holiday season. Its corporate strategy has shifted as well, with the company taking €1.16 billion from Tencent in March to give the Chinese tech giant a minority stake in a new subsidiary company that owns the Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six brands.
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