Shares of Ubisoft gaming company fell by 40% after the announcement of the reorganization
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- Shares of Ubisoft gaming company fell by 40% after the announcement of the reorganization
The shares of the French video game developer Ubisoft plummeted by 40% after announcing a large-scale business reorganization and abandoning the release of several projects, including the long-awaited remake of the Prince of Persia game The Sands of Time. This is evidenced by the trading data of the platform on January 22. Investing.com .
At the close of trading at 19:35 Moscow time, the drop was already 39.83%. Experts Investing.com They advise you to actively sell Ubisoft shares.
The fall in the value of securities began after Ubisoft issued a warning on January 21 about a possible decrease in revenue in the 2025-2026 financial year to €1.5 billion, compared with the previously forecast of about €1.8 billion. The company also expects operating losses of approximately €1 billion by the end of 2026.
The reason for these figures was the second major reorganization in the last 12 months, in which Ubisoft will be divided into five independent studios. The document notes that the company has stopped developing six games, including a remake of Prince of Persia, as well as four unannounced projects.
Bloomberg reported on December 12 last year that the condition of the founder of the software company Oracle Corp. Larry Ellison's stock dropped by almost $25 billion in a day due to the historic drop in the company's shares. According to the agency, the drop in Oracle shares occurred after the earnings report, which included a sharp increase in costs for data centers for artificial intelligence (AI). So, the shares fell by 11%, which led to losses for Ellison in the amount of $ 24.9 billion.
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