Artwork for Ubisoft's upcoming "Assassin's Creed Shadows" game.
Shares of Ubisoft sank 18% on Thursday after the French video game firm reported full-year earnings that disappointed investors.
Ubisoft reported a 20.5% drop in net bookings for the fiscal year ending March 31, 2025, as a strong performance of the company's latest "Assassin's Creed" game did little to boost its full-year sales. "Assassin's Creed: Shadows" was released in March following two consecutive delays.
Ubisoft cited "lower than expected partnerships" for the decline in net bookings, which totalled 1.85 billion euros ($2.1 billion). The company also reported an operating loss of 15.1 million euros for the year.
The game maker's full-year 2025-26 outlook also failed to impress. The firm said it sees net bookings for the current fiscal year being "stable" year-on-year and that it expects to break even on a non-IFRS operating income basis.
Ubisoft shares were down 18.3% as of 5:57 a.m. ET, at a price of 9.56 euros. The stock fell by as much as 19% earlier in the session.