On November 13, Ubisoft was scheduled to announce its first half earnings for fiscal year 2025-26 (FY26). However, just minutes before the conference call, it was delayed with no concrete alternate date.
On top of that, the company requested Euronext to suspend trading of its shares (FR0000054470) and specific bonds from the market open on November 14 until results are published.
“Ubisoft will inform the market of the date on which trading will restart.” ended the postponement announcement statement.
“We know this is likely to raise questions and drive media coverage” says Ubisoft’s CFO
After the announcement, an internal email sent to employees by Ubisoft’s Chief Financial Officer, Frederick Duguet was leaked. He provided a reason for the trading halt, with the reason given to “limit unnecessary speculation and market volatility”.
While we do not have an official source, this email has been verified by multiple reputable news outlets.
Here is what the internal email read:
“Hello everyone,
I wanted to let you know that we are taking extra time to finalize the closing of the semester, and as a result we will publish our first-half earnings results in the coming days instead of tonight.
Due to legal regulations, we cannot share more information with you at this time. To limit unnecessary speculation and market volatility during this short delay, we have asked Euronext to suspend the trading of our stock until the results are announced. We know this is likely to raise questions and drive media coverage. I encourage you all to listen to the conference call – which will be available via the Investor section of our site — just after the results are released so that you have a more detailed view of our earnings.
Thanks for your understanding.
Fred”
The email doesn’t really answer much of the speculation from analysts and gamers alike. It seems to suggest that they are currently trying to limit the damage that might occur due to the announcement.
How Has The Community Reacted?
Ubisoft already has a faltering reputation among the gaming community and this announcement only furthers adds fuel to the fire. With their reputation for hostile workplace environments, disappointing games and delayed announcements – we can now add delayed earnings calls to the list.
This delay does suggest that something is wrong.
According to analysts like Daniel Ahmed (@ZhugeEX on X), this delay seems to suggest some sort of acquisition or financial issues. Both of these make sense.
Ubisoft officially launched Vantage Studios as a new “creative house” subsidiary on October 1, 2025. This followed a March 2025 announcement of Tencent’s €1.16B (~$1.25B) investment for a 25% stake, aimed at reducing Ubisoft’s debt to near zero.
So, we could maybe get further news about Tencent acquiring an even bigger stake. This would explain why they halted trading so that the stocks would remain stable. After all, Tencent is a giant in the gaming industry and the acquisition could calm down investor’s fears.
Acquisitions like these do require books balancing as well which might explain why they need some extra time to get the finances in order.
However, Ubisoft is also in significant financial trouble with many of their titles failing recently, like Star Wars Outlaws and Skull And Bones. A Tencent acquisition would bail them out in such a case.
Either way, things do not look good at Ubisoft. We could be getting some imminent news about the studio’s future soon as investors will not stay quiet for long.
We’re curious to hear what you think. Do you think a Tencent bailout is imminent? What do you think the future holds for Ubisoft? Let us know in the comments!
