All posts tagged: Ubisoft

How Ubisoft, the French video game giant, hit breaking point after years of turmoil

How Ubisoft, the French video game giant, hit breaking point after years of turmoil

Published by Sam Flores

The Ubisoft logo at the Paris Games Week show in 2024. SARAH MEYSSONNIER / REUTERS A radical overhaul of its organization, cancellations and postponements of games, studio closures, an aggressive cost-cutting plan and a reversal on the highly sensitive issue of remote work all featured in the shock announcements of European video game giant Ubisoft on Wednesday, January 21, as the company unveiled measures to keep it from running out of steam. According to the French company, the project is expected to result in a loss of more than €1 billion over the year. The projection set off alarm bells in the markets, and by mid-afternoon on Thursday, Ubisoft’s share price had plummeted 38% on the Paris stock exchange, a historic drop for a stock that had already lost half its value in 2025. On Thursday morning, in front of Ubisoft’s Paris office, Chakib Mataoui, a representative for Solidaires Informatique, a French union representing tech and IT workers, was on strike. “The anger among employees was immediate,” said Mataoui, recognizable by the pink vest draped …

Ubisoft Crashes Most On Record After Tom Clancy’s Rainbow Six Maker Unveils Reorganization, Cancels Games

Ubisoft Crashes Most On Record After Tom Clancy’s Rainbow Six Maker Unveils Reorganization, Cancels Games

Published by Jenni Sidey

Ubisoft Entertainment SA shares in Paris crashed the most on record after the maker of Tom Clancy’s Rainbow Six Siege (more commonly known for Assassin’s Creed) announced widespread restructuring, studio closures, project cancellations, and sharply lower guidance. Shares plunged as much as 36% in the intraday session, currently down 33%, the steepest drop on record. Shares are down to around 2011 lows. Will the 2002 lows be next? The French gaming company said it expects a 1 billion euro EBIT loss in FY 2025-26, driven by a one-off 650 million euro writedown tied to the restructuring. It will close studios in Stockholm and Halifax, cut about 100 million euros in fixed costs by March (a year ahead of plan), and target an additional 200 million in cuts over the next few years. Six games were canceled and seven delayed, including the long-awaited Prince of Persia: The Sands of Time remake, prompting some Wall Street analysts to warn of a broken game development pipeline. Key summary of Ubisoft’s year forecast (courtsey of Bloomberg): Sees net bookings …

Ubisoft takes ‘Rainbow Six Siege’ offline after significant hack

Ubisoft takes ‘Rainbow Six Siege’ offline after significant hack

Published by skeptic

Ubisoft shut down the servers for Tom Clancy’s Rainbow Six Siege X for more than 24 hours after suffering a massive systems breach over the weekend. Hackers reportedly gained access to the first-person shooter’s servers, giving away in-game currency worth millions in real-world value. SEE ALSO: ‘Counter-Strike 2’ update wipes $2 billion in real money from game’s economy Videos and screenshots of the Rainbow Six Siege X hack began circulating on social media over the weekend, with multiple players noticing that they suddenly had rare in-game items and an extra 2 billion R6 Credits on their accounts. R6 Credits are in-game currency that can only be purchased with real-world money, and is used to buy new playable characters or cosmetic items. The Ubisoft Store sells 15,000 R6 Credits for $99.99, meaning 2 billion would be worth over $13 million. This Tweet is currently unavailable. It might be loading or has been removed. This Tweet is currently unavailable. It might be loading or has been removed. Several players also reported seeing highly unusual in-game notifications while …