Shares in Ubisoft (EU:UBI) fell sharply on Thursday after the French video game publisher revealed it is undertaking a “major organizational, operational, and portfolio reset,” alongside plans to cancel six titles. Among the projects being scrapped is the long-awaited remake of the 2003 action-adventure classic Prince of Persia: The Sands of Time.
The company also confirmed delays to seven additional games “in order to ensure enhanced quality benchmarks are fully met and maximize long-term value creation.” One of the affected titles had previously been scheduled for release in 2026 but has now been pushed back to the following year.
In a delayed market open, shares in the creator of the “Assassin’s Creed” franchise dropped by almost 30%, making Ubisoft the worst performer on the SBF 120 index, which tracks the most actively traded stocks in Paris.
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