Ubisoft Shares Slump on Plans for Major Structural Overhaul

Core Viewpoint - Shares in Paris fell more than 30% as investors reacted to Ubisoft's announcement regarding the discontinuation and postponement of several games, studio closures, and reduced financial targets [1] Company Summary - Ubisoft announced plans that include the discontinuation of several games, which has led to a significant drop in investor confidence [1] - The company is also postponing the release of certain titles, further impacting its market position and future revenue projections [1] - Studio closures are part of the restructuring efforts, indicating a shift in operational strategy to address financial challenges [1] - Financial targets have been cut, reflecting a more conservative outlook on revenue and profitability moving forward [1]