Ubisoft shares plunge 23% on 'Watch Dogs' game delay

Oct 16, 2013
Visitors walk by the display for the game Watch Dogs by Ubisoft at the Electronic Entertainment Expo (E3) in Los Angeles, California, June 12, 2013

French video game titan Ubisoft saw its shares plunge 23 percent on Wednesday after announcing that delays to two new titles would cause a significant operating loss this year.

The adventure game "Watch Dogs" was due to hit the market next month but will instead be released in spring 2014 to give more time to perfect it.

Another game, "The Crew", will come out in the summer.

The company said it now expected a 2013-2014 of 40-70 million euros ($54-95 million).

It also reduced its sales figure for this year by nearly a third, from an upper estimate of 1.45 billion euros to 1.05 billion euros ($1.4 billion).

Explore further: SAP confirms forecasts after 'solid' first quarter

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