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Stock impact report

Ubisoft pulls the plug on XDefiant, to close San Francisco and Osaka studios [Yahoo! Finance Canada]

UBISOFT ENTMT UNSP/ADR (UBSFY) 
Ubisoft said half of the XDefiant team worldwide would transition to other roles within the company. "The decision follows a thorough review of the game's performance, profitability, and market conditions, and aligns with the company's increased selectivity in its R&D investments," Ubisoft said in a statement. "Season 3 of XDefiant will still launch and servers will remain active until June 3, 2025," it added. It said that although XDefiant generated initial excitement, it did not retain a large enough player base to establish it as a viable competitor to other free-to-play first-person shooter titles or to support Ubisoft's continued investment in it. "The cancellation of the project shows how tough the shooter market is, where it is difficult to break through among strong IPs that have dominated the segment for years," Erste Group analyst Piotr Bogusz said. Ubisoft said it would apply the lessons learned from XDefiant to its future free-to-play titles. The French group Show less Read more
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