Ubisoft has reaffirmed its full-year financial targets, even as the company confirmed that several major game titles will be delayed into 2028 and 2029.
The French video game publisher reported that first-quarter bookings came in slightly above guidance, allowing management to stick to its annual outlook while continuing aggressive cost-cutting measures.
Ubisoft shares plunged 18% on Thursday after the company issued a stark warning about ongoing financial challenges, citing expected losses for the year.
The update provided limited new detail on the specific titles affected, focusing instead on the broader strategic shift to extend development cycles for key franchises.
The announcement comes in the wake of a severe market reaction earlier this week.
Ubisoft shares plunged 18% on Thursday after the company issued a stark warning about ongoing financial challenges, citing expected losses for the year.
The sharp sell-off reflected investor frustration with the developer’s ability to execute on its high-profile franchises, including the Assassin’s Creed series, amid a broader industry slowdown in consumer spending on premium games.