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: Court monitor: Apple antitrust cooperation has 'declined'

Related Stories

Higher prices for MS drug help drug firm Merck

May 14, 2013

(AP)—Higher prices for its multiple sclerosis drug Rebif helped German pharmaceutical and high-tech materials company Merck KGaA post a 54 percent rise in first-quarter profit.

Nintendo's loss swells to $925 mn for first half

Oct 27, 2011

Nintendo said Thursday its net loss swelled to 70.3 billion yen ($925 million) for the six months to September as it forecast a full-year loss, citing the strong yen and a lack of hit game titles.

Recommended for you

Taiwan factory workers win $18 mn over cancer deaths

18 hours ago

Workers from a factory in Taiwan which leeched toxic chemicals they say resulted in 200 deaths from cancer and more than 1,000 other cases of the disease won a Tw$564.45 million ($18 million) payout from US electronics company ...

Court monitor: Apple antitrust cooperation has 'declined'

Apr 17, 2015

Apple Inc.'s cooperation with efforts to improve its compliance with antitrust laws after a federal judge concluded it colluded with electronic book publishers to raise prices five years ago took on an "adversarial tone" ...

SEC questions LA Unified on use of bonds for iPad project

Apr 17, 2015

The Securities and Exchange Commission recently questioned Los Angeles Unified School District officials as part of informal inquiry into whether they properly used bond funds for a beleaguered $1.3 billion project to provide ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.