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Ubisoft Delays H1 Results, Requests Trading Suspension
Ubisoft postponed its half-year earnings report and halted share trading on Euronext amid speculation of a sale or privatization following a challenging year.
- On November 14, Ubisoft delayed its half-year earnings report just before a scheduled investor call and asked Euronext to halt trading until it publishes results in the coming days.
- Last year, founders of Ubisoft reportedly explored taking the company private with Tencent's help, and this year Ubisoft created Vantage Studios backed by a Tencent investment.
- Market watchers noted the halt could portend major news like a sale or a return to private ownership, while analysts caution earnings delays sometimes reflect accounting issues other companies have cited.
- Engadget reached out to Ubisoft as the company’s recent missed sales, studio closures, downsizing, and misconduct problems make the trading pause especially notable.
- With details pending, `This could mean any number of things` reflects ambiguity as market participants await Ubisoft's forthcoming earnings to clarify if the halt signals a sale or reporting issue.
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33 Articles
33 Articles
In the turmoil following poor financial results, the French publisher of video games saw his title suspended on the Paris stock exchange. Is a takeover of the company in sight? The gaming sector
·France
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Ubisoft is in a new storm. The French publisher has postponed the publication of his results for the first half of the year and has requested the suspension of his listing on the Paris Stock Exchange. Since January, his share has already lost almost 50% of its value.
The French publisher has not provided a public explanation. Ubisoft has chained a series of disappointments in recent years, after several launches of semi-tinted games.
Coverage Details
Total News Sources33
Leaning Left3Leaning Right2Center2Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 29%
R 28%
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