Ubisoft shares have taken quite a tumble this week after the publisher announced the cancellation of six of its upcoming games. The game cancellations were part of a business restructuring that Ubisoft announced on Wednesday, January 20. The restructuring also includes layoffs of hundreds of employees across multiple studios and the closure of two different studios under its umbrella.
One of the cancelled games was the Prince of Persia: Sands of Time Remake that Ubisoft announced all the way back in 2020. Ubisoft delayed this game several times over the years and moved development from Ubisoft Mumbai to Ubisoft Montreal. The game was supposed to launch in Q4 2025-2026, which would have been around the end of March of this year. As for the closed studios, Ubisoft has confirmed it will be shutting down studios in Halifax, Canada, and Stockholm, Sweden. Studios in other countries will be restructured.
The cancellation of six games has caused Ubisoft shares to tank by as much as 35%
While game cancellations aren’t the only reason for Ubisoft’s sinking share prices, they’re playing a big part in it. As reported by Reuters, Ubisoft shares have fallen by as much as 35% since Wednesday. This is the largest decrease Ubisoft shares have seen in the past 14 years, and were “on track to be the biggest one-day drop since the company’s listing in 1996.” In other words, January 20 was not a good day for Ubisoft’s stock price.
In addition to the game cancellations and studio closures, Ubisoft confirmed it would also be delaying seven other games. Ubisoft has not confirmed which games were delayed. It did confirm that one of the delayed games was scheduled to release in April 2026, and will now be pushed one year, with a new release date of April 2027. It’s also suspected that the Assassin’s Creed: Black Flag Remake is one of the delayed games.
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