Ubisoft stock plunges 22% after delays and poor sales announcement
Earlier this week Ubisoft made a big announcement that Watch Dogs would be delayed to Spring 2014 instead of launching this fall alongside the Xbox One and the PlayStation 4. Ubisoft also delayed PlayStation 4 racing title The Crew into the next financial year, meaning it will launch sometime after April 1st, 2014.
Aside from the string of delays, Ubisoft also mentioned that both Splinter Cell: Blacklist and Rayman Legends failed to meet company sales expectations. These factors caused Ubisoft to lower its full-year sales forecast by about 30%, which in turn caused a 22% decline in trading for the company’s stock.
Despite this, CEO Yves Guillemot believes the delays are the right step forward.
“Our long term goal is to win the next generation. The tough decisions we are taking today to fully realize the major potential of our new creations have an impact on our short-term performance.”