Ubisoft shares plunge 16% after Assassin’s Creed maker warns of annual profit loss
Coronavirus
Ubisoft shares plunged 16% on Thursday after the Assassin's Creed maker warned of further losses this year. The move comes after years of stock price declines for the game developer following the Covid-19 pandemic, delays to major releases and financial struggles. Shares in the company fell 34% in January after the company announced a major restructuring. The upcoming financial year is "expected to represent a low point in our free cash flow trajectory along with a softer release slate and
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