economy
January 22, 2026
Ubisoft shares plummet after Assassin’s Creed maker unveils reorganization, cancels six games
The games designer saw stock plunge on Thursday, following years of share price decline.
TL;DR
- Ubisoft shares dropped 34% following announcements of major organizational changes.
- The company plans to close studios in Halifax, Nova Scotia, and Stockholm, and restructure others.
- Six games are set to be axed as part of the shake-up.
- Ubisoft expects an operating loss of around 1 billion euros for the financial year ending 2026.
- The company will consider selling assets.
- Cost-cutting measures are expected to save 500 million euros annually by March 2028.
- Net bookings guidance for the financial year ending 2026 has been lowered.
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