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2h ago

Ubisoft Delays Earnings, Requests Euronext Trading Halt Minutes Before Investor Call

Ubisoft says the pause aims to curb speculation during a short delay.

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

  • Trading in Ubisoft shares and several bond issues will be suspended on Euronext from the market open on November 14 until the company publishes its first-half 2025-26 results in the coming days.
  • The company announced the postponement roughly 15 minutes before a scheduled call with investors.
  • An internal email attributed to CFO Frédérick Duguet says the halt is intended to limit unnecessary speculation and market volatility during the delay.
  • Ubisoft says it will inform the market of the date when trading will restart.
  • Analysts have suggested possibilities such as acquisition activity or accounting issues, though no explanation has been confirmed.