Assassin’s Creed maker Ubisoft plunges 18% as outlook fails to provoke

Shares of Ubisoft sank 18% on Thursday after the French online game company reported full-year income that upset traders.

Ubisoft reported a 20.5% drop in web bookings for the fiscal 12 months finishing March 31, 2025, as a powerful efficiency of the corporate’s newest “Assassin’s Creed” recreation did little to spice up its full-year gross sales. “Assassin’s Creed: Shadows” was once launched in March following two consecutive delays.

Ubisoft cited “lower than expected partnerships” for the decline in web bookings, which totalled 1.85 billion euros ($2.1 billion). The corporate additionally reported an working lack of 15.1 million euros for the 12 months.

The recreation maker’s full-year 2025-26 outlook additionally failed to provoke. The company stated it sees web bookings for the present fiscal 12 months being “stable” year-on-year and that it expects to damage even on a non-IFRS working source of revenue foundation.

Ubisoft stocks have been down 18.3% as of 5:57 a.m. ET, at a worth of 9.56 euros. The inventory fell through up to 19% previous within the consultation.

The corporate’s stocks have misplaced virtually 60% in their worth prior to now 12 months, because the company confronted monetary struggles, building hurdles, and underperformance of a few of its key titles.

In March, Ubisoft printed plans to shape a brand new gaming subsidiary part-owned through Chinese generation massive Tencent. The new unit will likely be liable for growing and publishing its best recreation franchises together with “Assassin’s Creed,” “Far Cry,” and “Tom Clancy’s Rainbow Six.”

Tencent will make investments 1.16 billion euros into the subsidiary, giving it a 25% stake. Ubisoft will retain majority possession and earn royalties on gross sales associated with its key franchises. The recreation maker stated Wednesday that it expects the deal to conclude through the top of 2025.