Ubisoft’s financial report yesterday was not good news for investors, and stock prices have taken a sharp dive as a result. After two major titles disappointed in sales this year, the company has delayed three big early 2020 releases into the next fiscal year, and stock prices have taken a precipitous plunge as a result.
The company previously forecasted net bookings for fiscal year 2019-20 to be better than 2018-19. The revised net bookings expectations (via Daniel Ahmad on Twitter) are the lowest Ubisoft has seen since fiscal year 2015-16. Shares are now trading at their lowest price since 2017.
Ubisoft’s report focused primarily on the underperformance of Ghost Recon Breakpoint – both commercially and critically – but The Division 2 also underperformed compared to the company’s forecasts. (It should be noted, however, that The Division 2 is still the number six best-selling game of 2019, according to US sales tracking group NPD.) In light of the poor reception to Breakpoint in particular, Ubisoft has delayed Watch Dogs Legion, Gods & Monsters, and Rainbow Six Quarantine to give each game more development time.
Original source: https://www.pcgamesn.com/ghost-recon-breakpoint/ubisoft-stock