Shares in Ubisoft (UBIP.PA) fell 20% on Thursday after the French online game maker warned on income and postponed the discharge of its sport “Cranium and Bones”, prompting analysts to chop their estimates and worth targets.
Late on Wednesday, Ubisoft stated that it was increasing its writedown estimate to 500 million euros ($538 million) from 400 million and slicing its full-year income goal after ending 2022 with weaker-than-expected gross sales.
