Ubisoft was due to release its second-quarter financial results yesterday but, just minutes before publication, took an unexpected step that sparked intense speculation. The French publisher halted trading in its shares and postponed the report.
In an official statement, Ubisoft said the figures will be published “in the coming days,” and that the trading suspension was implemented to comply with legal obligations.
The company did not provide a detailed explanation. Analysts — including Daniel Ahmad of Niko Partners — suggest the move could presage a significant announcement: anything from major strategic news to a possible takeover, or unresolved financial items that require extra time to clarify.
Employees were sent an internal memo from CFO Frédérique Duguet indicating the firm needs “a little more time” to complete its half-year report. The reason for the delay was not disclosed; the trading halt, the memo said, aims to curb “unnecessary speculation and market volatility.” A fuller account is expected at the forthcoming investor briefing.
This development is another worrying sign during a challenging period for Ubisoft. A month ago the publisher established Vantage Studios in partnership with Tencent, which holds a 25% stake. Vantage is set to oversee Ubisoft’s largest franchises, including Assassin’s Creed.
Whether Ubisoft is preparing a major announcement or facing a potential acquisition remains unclear — for now, the market will await the delayed report and the investor presentation.
Source: iXBT.games