Ubisoft shares drop as it uses more cash to develop games

From Yahoo Finance: 2025-05-15 03:27:00

Ubisoft shares plummeted 20% after announcing extended development time for major games, impacting cash flow. The company expects to break even by March 2026, with flat net bookings. Analysts express concern over operating profit and free cash flow, leading to a substantial drop in share value, the largest in over a decade. A partnership with Tencent aims to support game development.

Read more: Ubisoft shares drop as it uses more cash to develop games