Ubisoft stock plummets after Watch Dogs delay

Yesterday’s announcement that Watch_Dogs has been delayed to mid-2014 has upset Ubisoft shareholders. The publisher’s stock ended the trading day down a whopping 26%.

Watch_Dogs wasn’t the only upcoming title that was delayed – The Crew has also been pushed back to the second half of 2014.

CEO Yves Guillemot explains:

The tough decisions we are taking today to fully realize the major potential of our new creations have an impact on our short-term performance. We are convinced that, longer term, they will prove to be the right decisions both in terms of satisfaction for our fans and in terms of value creation for our shareholders. We are building franchises that will become perennial pillars of Ubisoft’s financial performance.

Ubisoft also admitted that both Splinter Cell: Blacklist and Rayman Legends sold lower than the company had expected. The end result? A full-year sales forecast €400 million lower than initially planned.

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