Overview
- Euronext suspended Ubisoft shares and bonds from the market open on November 14 at the company’s request until results are published in the coming days.
- An internal email from CFO Frédérick Duguet said extra time is needed to finalize the semester close and that the suspension aims to curb speculation and volatility.
- The stock has fallen nearly 50% since the start of the year, reflecting pressure after weak launches and softer sales.
- Revenue fell 3.9% to €310.8 million in the April–June quarter of the current fiscal year.
- Ubisoft is cutting costs and reorganizing around flagship franchises, including a new unit backed by €1.16 billion from Tencent for a 25% stake that still awaits regulatory clearance.