The day after Ubisoft announced that the release of its much anticipated titles Watch Dogs and The Crew would be delayed until spring 2014, share values of the company fell by more than 25 percent, according to a report today from GameSpot.
Shares of the video game developer and publisher dropped as far as 32 percent, according to Bloomberg, which was the biggest drop since the company’s inception on the Paris stock exchange in 1996.
Ubisoft CEO Yves Guillemot, however, said the company made a choice that they think will “pay off in the long run, championing the delivery of high-quality games.
“The market has changed,” Guillemot said. “We need huge blockbusters, and that means making very high-quality games."
Guillemot believes the extra time spent refining Watch Dogs could help it achieve far greater potential, and it could be “as big as Assassin’s Creed.”
“It’s a great opportunity to increase our market share,” Guillemot said.
Until then, however, Ubisoft expects to operation at a loss somewhere between $54 million and $95 million for its fiscal year ending in March.
On top of the delays to Watch Dogs and The Crew, Polygon reports Ubisoft financial chief Alain Martinez told investors yesterday that Splinter Cell: Blacklist and Rayman Legends, among others, have missed sales targets thus far.