Ubisoft has issued an eleventh-hour delay of its earnings report and paused all share trading until it releases those financial results. There’s been a lot of noise throughout the industry lately as major gaming companies release their quarterly and half-year findings, but some announcements have caused more of a stir than others. It’s still unclear what exactly is happening at Ubisoft, but the last-minute delay has sparked widespread speculation.
The past year has not been easy for the company. Despite titles like Assassin’s Creed Shadows performing well, Ubisoft reported a €159 million year-over-year loss in March 2025, thanks to game sales and subscription revenue falling by 20.5% in the last fiscal year. Given that drop, investors may be anxious to know how the company has performed in the subsequent period, but they’ll have to wait a bit longer to find out.
Ubisoft Delays Earnings Report and Pauses Trading Hours Before Scheduled Release
On November 13, mere hours before it was set to present its earnings, Ubisoft announced its H1 FY25-26 report would be delayed until later in “the coming days.” Adding to the surprise, Ubisoft has also requested that Euronext, the stock market it’s listed on, halt trading of its shares and bonds from November 14 to whenever the company publishes its report. The stock freeze has raised rumors of a privatization deal or acquisition, calling to mind EA’s recent $55 billion buyout, but Ubisoft’s press release did not disclose its reasoning. However, in an internal email acquired by Insider Gaming, Ubisoft’s CFO told employees that it was “taking extra time to finalize” the results and that the trading pause was to “limit unnecessary speculation and market volatility” in the meantime.
It’s entirely possible that the sudden pause stems from an error Ubisoft discovered at the last minute or fresh data it deemed necessary to include. Still, it’s hard not to speculate about a potential shift in company structure or leadership. Chinese gaming giant Tencent became Ubisoft’s largest shareholder a few years ago and has since worked with the company to create a new subsidiary to take charge of franchises like Assassin’s Creed and Far Cry. That growing influence would make Tencent seem like a logical buyer, but it’s impossible to say anything for certain until Ubisoft or another involved party releases more official information.
Whatever the case is, there’s a lot in motion at the moment. As part of its larger restructuring, Ubisoft announced several layoffs earlier in 2025, and there has been well-publicized contention between some shareholders and company leadership. How that will play out and whether that has anything to do with the sudden earnings report delay is up in the air for now, but more details should emerge before long.
