Ubisoft shares continue to decline in 2022 due to game delays

The French video game giant earned significantly less in Q1 2022, compared to Q1 2021, mainly due to two major game delays.
Ubisoft logo with share values going down in the background

The maker of Assassin’s Creed, Far Cry, and The Division series is facing tough times due to the impact of multiple games and in-game content delays. The French video game producer shared its Q1 2022 financial report and things don’t look that pleasing for the time being. The firm’s shares are down by %26 percent compared to last year this time around, The company CEO Yves Guillemot even accepted a major pay cut following the poor performance of the gaming giant.

The financial report covers the three-month period that ends on March 31, and per the report, the sales are down by nearly 10% year-over-year for the same term. The French gaming giant earned €358 from sales in Q1 last year, but 2022’s Q1 marks €318.2 in revenue. Having said all that, the numbers are slightly above Ubisoft’s projections for this term, and the company is preparing for a strong closing of the year come Fall 2022.

The report says Tom Clancy’s Rainbow Six Siege and the Assassin’s Creed brands are performing ahead of expectations. The latest entry to Assassin’s Creed series was Valhalla, which launched back in November 2020 but received multiple expansion packs, the latest being Dawn of Ragnarök.

Ubisoft will reveal the future of the Assassin’s Creed series this September, share gameplay videos from Mario + Rabbids: Sparks of Hope on October 20, and for Skull and Bones on November 8. Ubisoft may also reveal more news for The Division Resurgence, the next game in the series coming to mobile devices.

There have been rumors of a Ubisoft buyout for some time now, but the majority of the shareholders believe the company will recover, despite being in a 5+ years decline, and they won’t sell for less than €60 per share.

The game producer is also working on a Star Wars game and the project is helmed by The Division developers Massive Entertainment.

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