If you have a stake in the gaming titans or enjoy some of the drama around them, everyone’s on their toes watching Ubisoft right now. The French powerhouse halted in its tracks just hours before dropping its H1 FY25-26 earnings on November 13 by pressing the “later in the coming days” button. To stop the rot, they’ve asked Euronext to suspend trading in their shares and bonds as of tomorrow, November 14. As for the markets? Their goal, they say, is “to curb unnecessary speculation and market volatility.” This is quite a moment.
Ubisoft just postponed its earnings report and halted the trading of its shares. Unclear why at this point but could indicate a major announcement related to the company. pic.twitter.com/MRhTNYykIZ
— Daniel Ahmad (@ZhugeEX) November 13, 2025
From inside the company, it sounds like a traditional crunch time scramble. And there’s been a leak of an internal email from CFO Frédérick Duguet, who said they’re basically“taking extra time to finalise” the numbers. No interesting details yet, although you can almost feel the eyebrows raising in Montreuil boardrooms.
This is not entirely coming out of nowhere, however, Ubisoft has been in the barrel for months. That €159 million loss they reported in March? Well, that was due to the horrific 20.5% decline in both game sales and subs last fiscal year, even with bangers like Assassin’s Creed Shadows trying hard to right the ship. They’ve been cutting jobs as part of a significant restructuring effort, and there’s also this simmering beef between some shareholders.
So, what do you think is really happening here? The rumour mill is in overdrive: Is this the opening move in a full-blooded privatisation or a buyout? People are comparing it to the freewheeling $55 billion EA acquisition odyssey earlier this year. It’s not like Tencent lacks the money or motivation, perhaps they’re looking to make it a full buyout in order to secure those franchises. Or hey, it might be as dull as discovering a spreadsheet bug right before the show starts and having to refresh with new data. Either way, in a week when everyone’s both beating up on and parsing all the various earnings reports on record, this hold up has left the entire gaming sector whispering.
As for the markets? Shares were already jittery, but the trading halt means no fireworks until the truth drops. Ubisoft’s been a rollercoaster stock lately, which adds to the uncertainty amid industry shake-ups, layoffs, consolidations, you name it.
