Ubisoft shares plummet 33% after Assassin's Creed maker unveils reorganization, cancels six games

Core Viewpoint - Ubisoft's shares dropped 33% following the announcement of a major organizational restructuring and the cancellation of six games, indicating significant investor concern about the company's future performance [1]. Financial Impact - The company anticipates an operating loss of approximately 1 billion euros ($1.17 billion) for the financial year ending 2026, which includes a 650 million euro write-down due to the restructuring [1]. - The restructuring is expected to have a substantial effect on the Group's financial trajectory in the short term, particularly in fiscal years 2026 and 2027 [2]. Strategic Outlook - Yves Guillemot, Founder and CEO of Ubisoft, stated that the portfolio refocus aims to strengthen the Group and facilitate a return to sustainable growth and robust cash generation in the future [2].