Ubisoft stocks have plummeted following the news of several cancelled projects and lower than expected sales throughout 2022.
In a call with investors, the company said it was facing “major challenges as the industry continues to shift towards mega-brands and long-lasting titles”, resulting in the underperformance of recent releases Mario + Rabbids: Sparks of Hope and Just Dance 2023.
Since the announcement, company stocks have fallen by 19 percent to trade at €19.26, the Financial Times reported.
