Ubisoft Share Price Tumbles After Dire Sales Report

Three more games cancelled.

Ubisoft appears to be in a spot of financial trouble, according to its latest financial report on January 11th, 2023. In a three-page press release, the company admits to being "disappointed" in the sales of Mario + Rabbids: Sparks of Hope and Just Dance 2023, despite "excellent ratings" and "an ambitious marketing plan".

Following the news, Ubisoft took a 10.5% tumble on the Dow Jones to $4.58, nearing a seven-year low for the company.

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