On January 21, Ubisoft announced the start of a “major reboot.” As part of the reorganization, six games were canceled, including Prince of Persia: The Sands of Time. In addition, six other projects were delayed.
The company also cut its net bookings forecast for 2026 and withdrew its outlook for the 2026/27 financial year. Studios in Halifax, Canada, and Stockholm are being closed, while restructuring is underway in other countries.
Following the announcement, the company’s shares plunged on the Paris stock exchange. Reuters reports that the share price fell by 35% to €4.50 per share, while the company’s market capitalization dropped to €616 million.
At the time of publication, the price of a single Ubisoft share on Google Finance stands at €3.99.
As a reminder, Crimson Desertis ready for release, and development of the game has been completed.