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4d ago

Ubisoft Halts Trading, Delays Half-Year Results Pending Release "in the Coming Days"

Executives say the pause aims to curb volatility during final closing of the half-year accounts.

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

  • Ubisoft asked Euronext to suspend trading of its shares (FR0000054470) and bonds (FR001400DV38, FR001400MA32, FR0014000O87) from Nov. 14 until the delayed results are published.
  • The company announced the postponement roughly 15 minutes before a scheduled investor call, which was subsequently postponed.
  • In an internal email, CFO Frédérick Duguet said the delay provides extra time to finalize the semester and cited legal limits on sharing more information.
  • Analysts noted the move could signal a major corporate event or an accounting/financial issue, but no explanation has been confirmed.
  • Context includes Tencent’s €1.16 billion investment for a 25% stake in Vantage Studios and a roughly 49% year-to-date decline in Ubisoft’s Paris-listed shares.