Ubisoft Stock Plummets

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Published by GameFront.com 8 years ago , last updated 2 months ago

Posted on November 16, 2010, Phil Owen Ubisoft Stock Plummets

So I messed up. Sort of. Yesterday when I told you all about the new Driver and Ghost Recon games being pushed back as per the Ubisoft first-half-of-the-fiscal-year financials, I forgot to mention that the actual financials didn’t look so hot. Yeah, so Ubisoft posted losses of almost 90 million euro in the half of the fiscal year that ended on October 31, and in the wake of that announcement, company stock has dropped 22 percent. Not good.

But things will get better, probably. They’ve got a pile of weird Kinect games that should sell well, and they’ve got that thrilling Michael Jackson game coming next week on Wii and in the spring on Move and Kinect, and it might just be they moved Ghost Recon and Driver in fear that they would perform poorly and do more damage this FY. Oh, and Assassin’s Creed Brotherhood just came out. Chin up, Ubi.

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