Ubisoft has revealed its financial successes and failures of the fiscal year, and its unfortunately not been the best year for the company.
During a recent financial call, Ubisoft’s Chief Executive Officer Yves Guillemot spoke of a “sharp downward revision” in the revenue that the company was expecting from two of its 2019 releases: Ghost Recon Breakpoint and “to a lesser extent,” Tom Clancy’s The Division 2.
“We didn’t fully deliver on both games,” Guillemot said [via Bloomberg].
Ubisoft’s Chief Financial Officer Frederick Duguet said that the company needs to “elevate” the quality of its games, and announced that upcoming titles Gods and Monsters, Rainbow Six Quarantine, and Watch Dogs: Legion are being delayed into its fiscal 2020–2021 year.
Following the announcement of its poor sales, Ubisoft’s stock fell “as much as 29%” in Paris. This happened shortly after the company announced that it was dropping the…