Ubisoft shares plummet as it guides for further cash burn
15/05/2025 08:24
May 15 (Reuters) - Shares in video game maker Ubisoft dropped heavily on Thursday after the French game developer guided for this year's cash generation to remain negative, while expecting its operating income at a breakeven. The company, which is behind the Assassin's Creed franchise, reported on Wednesday a 20.5% drop in its full-year 2024-2025 net bookings due to delayed releases and the underperformance of some of its leading titles. Ubisoft shares were down about 20.5% by 0720 GMT at 9.28 euros, heading for their biggest single-day drop in more than 11 years. (Reporting by Piotr Lipinski; Editing by Jan Harvey) ((piotr.lipinski@thomsonreuters.com;))