Ubisoft stock price falls to its lowest level in 11 years! – Game News

Not long after the announcement Assassin’s Creed Shadows will be pushed back to early 2025, the stock price Ubisoft fell to its lowest level in the past 11 years.

At the time the article was written, the company’s stock price was above London Stock Exchange (a website specializing in sharing market information in the UK) is at 9.28 Euro per share. In particular, this is also the first time since November 2014 that the company’s stock price is below 10 Euro.

In addition, the market capitalization (Market Cap) of Ubisoft is only at 1.27 billion Euro. About 3 weeks ago, this number was at 1.99 billion Euro.

Trading in the stock in the United States had not yet opened as of press time, but it closed this past Wednesday at $2.25 per share. If the UK market is a harbinger, it’s likely that the company’s US share price will soon drop significantly as well.

Recently, Ubisoft not only announced to push back the launch date of Assassin’s Creed Shadowsbut also shared a lot of sad news for investors.

First, the airline has lowered its financial target for Q2 of FY 2024-25 (FY2024-25).

Second, the company has confirmed that the revenue of Star Wars Outlaws did not meet expectations.

Finally, the board of directors Ubisoft has also begun an investigation into the company’s internal situation.

Besides promising to continue updating Star Wars Outlaws In the near future, the company also shared that from now on it will sell the game on Steam at the time of launch (Day One).