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Ubisoft Stock Plunges 14% on Fresh Loss Forecast

Ubisoft shares plunged 14% Thursday after the French game developer projected additional losses through the coming financial year. The company reported an operating loss in its latest full-year results and warned of a high single-digit percentage decline in net bookings alongside a single-digit operating loss margin ahead. CEO Yves Guillemot characterized the period as representing a low point in free cash flow trajectory, citing a lighter release schedule and restructuring expenses. The company has discontinued seven development projects and postponed six others as part of its transformation strategy. Ubisoft aims to reduce its cost base by nearly 200 million euros by March 2028, building on initial reductions achieved ahead of schedule. Shares have fallen 38 percent year-to-date.