Ubisoft Stock Drops Following 'Watch Dogs' Delay and Other Poor Results

Posted Wed Oct 16, 2013 at 08:30 AM PDT by

'Rayman Legends' announced as "underperforming."

Ubisoft's late announcement of a long delay for the six platform 'Watch Dogs' was just the tip of bad news shared by the company yesterday. The publisher also announced that their upcoming multiplayer focused 'The Crew' driving game would not be released next spring as previously planned. A new date was not shared.

Ubisoft went on to lower both its yearly revenue forecast and profit expectations. The projected yearly revenue ending in April 2014 dropped from $1.94 billion to $1.38 billion. Worse, a prior projection of $236 million in profit over a 12 month period is now expected be a loss of $88 million.

While announcing those numbers, Ubisoft also stated that both 'Rayman Legends' and 'Splinter Cell: Blacklist' "experienced lower sales than anticipated."

Ubisoft has a stated goal of being the number one publisher for the new platforms, and it's clear that the decision to delay 'Watch Dogs' has hurt the company in the short-term.

Ubisoft's stock has currently fallen 22% in today's trading. Of course, if 'Watch Dogs' requires several months more dev time, ensuring that the game meets a certain quality level may have become a paramount concern.

You can find the latest info on 'Watch Dogs' linked from our Video Game Release Schedule.

Source: gamesindustry

Author: Brian Hoss

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Tags: Watch Dogs, Ubisoft (all tags)