By Jacob Miller | Nov 14, 2025
Delay at the Last Minute Raises QuestionsUbisoft said that its earnings report for the first half of FY25-26, which was supposed to come out on November 13, would not come out on time. The announcement came just a few hours before the presentation was supposed to start. It said that the results would be shared "in the coming days" instead.
Ubisoft also asked Euronext to stop all trading starting on November 14 and lasting until the earnings are officially released.
People in the gaming community and investors are worried about this decision. The break in trading has sparked rumors about possible changes within the company, such as talks of privatization or acquisition. Big changes have happened in the industry recently, like EA's $55 billion buyout. This has led many to wonder if Ubisoft is getting ready for a big restructuring.
The company's internal communication hasn't been very clear. Ubisoft's CFO sent an email to employees saying that more time was needed to "finalize" the financial report. The message said that the trading freeze was meant to "limit unnecessary speculation and market volatility" while the results were being finished.
The delay's timing has raised even more questions. Many people think that the delay might have something to do with finding new information in the financial data, at the last minute, or making last-minute changes that are needed before showing the results. But there are still a lot of rumors about what might be going on inside the company because there aren't any official details.
Money problems and worries are growing
Ubisoft has been going through a tough time, so this surprise twist is surprising. The company said it lost €159 million in March 2025, which was a loss from the previous year. The drop was caused by a 20.5% drop in game sales and subscription revenue from the previous fiscal year. Even though games, like Assassin's Creed: Shadows, did very well, this drop happened.
Investors are putting more pressure on the company to show signs of recovery because of its financial problems. A lot of people thought that the next earnings report would show how well Ubisoft has done since its last big update. But the delay has pushed back answers, which has made people even more worried about the company's long-term plans.
At the same time, many companies in the gaming industry have released financial updates, with some showing big growth and others showing big declines. Ubisoft's last-minute delay has stood out even more in that situation, making the company's future even less certain.
People are guessing about plans for the future and who will own it
The delay has also brought up old questions about how Ubisoft is owned. A few years ago, Tencent became the company's biggest shareholder. Later, they worked with Ubisoft to start a new subsidiary that would be in charge of franchises like Assassin's Creed and Far Cry. This partnership has given Tencent more power, making it one of the most likely companies to be bought or given more money in the future.
There hasn't been any official word on possible changes in ownership, but the trading freeze has led to speculation about whether Ubisoft's structure or leadership might be changing. Some shareholders and management have had disagreements in the past, which have already brought internal tensions to light. This makes people wonder even more about the timing and reasons for this unexpected delay.
The company's ongoing restructuring is another thing that adds to the uncertainty. Earlier in 2025, Ubisoft announced that it would be laying off a number of people as part of its efforts to cut costs and make things run more smoothly. The current situation is even harder to figure out now that there are worries about leadership and falling sales.
Waiting for more information
Ubisoft needs to give the industry clear answers before anything else can happen. The company has only said that it will release the delayed earnings report in the next few days. They haven't given any other information. The trading freeze will stay in place until the financial results are made public.
People are starting to wonder if there will be mistakes, changes in strategy, or big news from Ubisoft. The next update from the company is likely to get a lot of attention. We don't know if the delay is due to simple accounting changes or if it means bigger changes are coming to the company. One thing is for sure: the next report will have a big impact on what people think about Ubisoft's future plans.
