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

Ubisoft shares plunged 33% on Thursday morning after the maker of the "Assassin's Creed" videogames announced a major organisational shakeup and axed six games. The company said it expected to make an operating loss of around 1 billion euros ($1.17 billion) in the financial year ending 2026, following a 650 million euro write down caused by the restructure."The portfolio refocus will have a significant impact on the Group's short term financial trajectory, particularly in fiscal years 2026 and 2027, but thi ...