Ubisoft's shares have plummeted to 2013 levels
September 2024 marked a sharp decline in Ubisoft's stock prices on the stock exchange. By noon on September 26, their price had dropped to 9.24 euros per share.
How Ubisoft's stock prices have changed from July 1996 to September 2024
Currently, Ubisoft shares are trading 46% lower than at the end of August. As a result, the company’s market capitalization has returned to April 2013 levels and now stands at 1.22 billion euros.
Investors reacted to a series of announcements from Ubisoft:
- a shareholder's demand to sell Ubisoft;
- a disappointing release of Star Wars Outlaws;
- the postponement of Assassin’s Creed Shadows to February 14, 2025;
- a lowered financial forecast for the year ending March 31, 2025. Ubisoft is uncertain about achieving positive operating profit;
- the initiation of an internal company audit.
