Ubisoft’s shares have plummeted by over 30% today after news of a major restructuring broke.
Ubisoft recently announced a significant restructuring that will focus on a new operating model emphasizing open-world adventures and games-as-a-service (GaaS) experiences. This news has evidently affected the company’s stock, leading to a considerable drop in share value today.
Ubisoft Shares Plummet After Restructure Announcement
As revealed on Google Finance, Ubisoft’s shares have decreased by 33.78% today (as of the time of writing). The day began with a share price of 5.26 EUR, which has now fallen to 4.44 EUR. Over the past six months, the shares have declined by more than 50%.
The drop comes immediately after the announcement of an organizational, operational, and portfolio reset, which led to the cancellation of highly anticipated titles like the Prince of Persia Remake, among others. The restructuring has also led to the closure of multiple studios and layoffs across the organization.
Ubisoft’s new operating model now features a decentralised structure with 5 Creative Houses, each divided by distinctive genres. The goal is to make the company “a more gamer-centric organization, structured around creative genres.”
Additionally, their new model will be supported by targeted investments, deeper specialization, and cutting-edge technology, which includes “accelerated investments in player-facing Generative AI.”
In other news, Insider Gaming’s exclusive report reveals that Beyond Good & Evil 2 has survived the latest round of project cancellations. Additionally, the restructure has likely led to the Black Flag remake being delayed by up to one year. What are your thoughts on Ubisoft’s shares crashing after the restructuring announcement? Leave your thoughts down in the comments, and join the official Insider Gaming Discord server.
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