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4h ago

Ubisoft Delays Earnings, Asks Euronext to Halt Trading

An internal email from CFO Frédérick Duguet says the company needs extra time to finalize its semester close under strict disclosure rules.

A man walks past the logo at main entrance of video production company Ubisoft where a 3-day strike is taking place in Montpellier, southern France on October 15, 2024. No more playing at Ubisoft: employees are mobilizing for a three-day strike, the second this year, as the French video game giant goes through a difficult time with slumping sales and the postponement of a major game, against a backdrop of rumors of a takeover of the company. (Photo by Pascal GUYOT / AFP) (Photo by PASCAL GUYOT/AFP via Getty Images)
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Overview

  • The move was announced roughly 15 minutes before a scheduled investor call, marking an unusually late change.
  • Ubisoft requested Euronext suspend trading of its shares and certain bonds from November 14 until it releases its first‑half 2025–26 results in the coming days.
  • The company said it will inform the market of the date trading will restart once the results are published.
  • Analysts and industry reports noted possibilities such as a major corporate announcement or accounting issues, but no explanation has been confirmed.
  • Recent restructuring, including Vantage Studios with a reported 25% Tencent stake, and earlier layoffs and project challenges provide the backdrop for heightened investor concern.