Ubisoft issued an eleventh-hour earnings report and suspended all trading in the stock until it releases those financial results. There's been a lot of buzz around the industry lately as the big game companies release their quarterly and half-yearly results, but some announcements have caused more buzz than others. It's still unclear what exactly is going on at Ubisoft, but the last-minute delay has sparked widespread speculation.
The past year was not easy for the company. Despite titles like Assassin's Creed Shadows Ubisoft reported a year-on-year loss of €159 million in March 2025, as revenue from game sales and subscriptions fell 20.5% in its latest fiscal year. Given this decline, investors may be concerned about how the company performed in the period ahead, but they will have to wait a little longer for that.
Ubisoft postpones earnings report and suspends trading hours ahead of scheduled release
On November 13, just hours before it was set to present its earnings, Ubisoft announced that its H1 FY25-26 report would be delayed until later in the “coming days”. In a surprise move, Ubisoft also asked Euronext, the stock market it is listed on, to halt trading in its shares and bonds from November 14 until the company releases its report. The stock freeze has sparked rumors of a privatization deal or acquisition, reminiscent of EA's recent $55 billion buyout, but Ubisoft's press release did not disclose its reasoning. However, in an internal email obtained by Insider Gaming, Ubisoft's CFO told employees that more time was needed to “finalize the results” and that the trading pause in the meantime was to “reduce unnecessary speculation and market volatility.”
It's entirely possible that the sudden pause comes from a bug that Ubisoft discovered at the last minute, or fresh data that it felt was necessary to include. Still, it's hard not to speculate about a potential shift in company structure or leadership. Chinese gaming giant Tencent became Ubisoft's largest shareholder a few years ago and has since worked with the company to create a new subsidiary that will handle franchises such as Assassin's Creed and Far Cry. This growing influence would make Tencent seem like a logical buyer, but it's impossible to say anything for sure until Ubisoft or another interested party releases more official information.
Be that as it may, there is a lot going on right now. As part of its larger restructuring, Ubisoft announced several layoffs earlier in 2025, and there have been well-publicized disputes between some of the company's shareholders and management. How that plays out and whether it has anything to do with the sudden delay in the earnings report is still up in the air, but more details should emerge soon.
- Date of establishment
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March 28, 1986
- Headquarters
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Saint Mande, France
- CEO
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Yves Guillemot
