Ubisoft Shares Drop 18% Amid Concerns Over Lighter Game Release Schedule
French video game developer Ubisoft reported stronger-than-expected Q4 net bookings of €415 million, surpassing its guidance of around €390 million. However, the company warned that it expects additional losses this year due to a lighter slate of new games, leading to an 18% decline in its shares.
Topics: financial performance stock price movement video games