Ubisoft has seen its stock plummet after the developer-publisher announced plans to delay the launch of three upcoming games until the next financial year.
Ubisoft announced on Thursday it would delay the release of Watch Dogs Legion, Gods & Monsters, and Rainbow Six Quarantine, all of which are now slated to release after the current financial year ends.
Consequently, Ubisoft shaved its outlook for full-year net bookings from €2.19 billion to €1.45 billion and drastically revised its operating income down from €480 million to €20-50 million. In response to the news, Bloomberg reports the publisher’s stock fell as much as 29 per cent in Paris, sending shares tumbling down 22 per cent – the lowest level they’ve been for six years.
As Matt reported, all three games were initially due to launch before the end of March 2020, with Gods & Monsters and Watch Dogs: Legion even receiving firm release dates of 25th February and 6th March 2020 respectively. Now, however, Ubisoft has confirmed that all three titles will now launch sometime in its next financial year, which runs from April 2020 to March 2021.