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Ubisoft’s U.S.-listed stock sinks toward 7-year low after ‘Assassin’s Creed’ game company cuts booking targets

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The U.S.-listed shares of Ubisoft Entertainment S.A. took a 10.6% dive toward a seven-year low in midday trading Wednesday, after the France-based videogame...

The U.S.-listed shares of Ubisoft Entertainment S.A.

took a 10.6% dive toward a seven-year low in midday trading Wednesday, after the France-based videogame maker cut its fiscal third-quarter booking target, citing “major challenges” from shifting industry dynamics and a slowing economy. The company’s portfolio of games includes “Assassin’s Creed,” “Tom Clancy’s Ghost Recon” and “Mario + Rabbids: Sparks of Hope.

took a 10.6% dive toward a seven-year low in midday trading Wednesday, after the France-based videogame maker cut its fiscal third-quarter booking target, citing “major challenges” from shifting industry dynamics and a slowing economy. The company’s portfolio of games includes “Assassin’s Creed,” “Tom Clancy’s Ghost Recon” and “Mario + Rabbids: Sparks of Hope.

 

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