Ubisoft Shares Plunge 33% in 2026 Amid Massive Restructuring and Game Cancellations

One-third of Ubisoft's market value vanished in a single morning. The gaming giant's shares plummeted 33% on Thursday following a radical restructuring announcement that includes axing six games and shuttering multiple studios.

Ubisoft Shares Plunge 33% Following Massive €1 Billion Loss Forecast

According to Reuters, Ubisoft expects an operating loss of approximately 1 billion euros ($1.17 billion) for the financial year ending 2026. This grim outlook follows a 650 million euro write-down triggered by the massive organizational shakeup. The company is even considering asset sales to stabilize its balance sheet.

Strategic Pivot: Saving €500 Million by 2028

The restructuring plan involves closing studios in Halifax, Canada, and Stockholm, Sweden. Facilities in Abu Dhabi, Helsinki, and Malmö are also slated for downsizing. Through these measures, Ubisoft aims to achieve 500 million euros ($580 million) in cost savings by March 2028.

CEO Yves Guillemot stated that the market environment requires a "step-change" in how the group operates. While the refocus will hurt short-term financial trajectory through fiscal 2026 and 2027, he believes it will strengthen the group’s ability to generate robust cash flow in the future.