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Ubisoft Crisis 2026: Prince of Persia Remake Cancelled + 5 Games Axed, Studios Closed, Stock Crashes 39%

androidgamehub

22 Jan, 2026

Official Prince of Persia Sands of Time Remake screenshot - cancelled in Ubisoft 2026 restructuring

January 22, 2026 — Ubisoft revealed a massive organizational overhaul to refocus after years of challenges. Six games cancelled (including Prince of Persia: The Sands of Time Remake), two studios closed, €1B operating loss projected, stock down up to 39%.

Actual Ubisoft stock price chart showing 39% crash January 22 2026

Real-time stock chart from announcement day

Key Financial Impact

Expected €1 billion operating loss for FY ending March 2026, including €650 million write-down.

Net bookings cut to €1.5 billion (€330M lower than prior guidance).

€500 million cost savings planned, fixed costs to €1.25 billion by March 2028.

Cancelled Games

Prince of Persia: The Sands of Time Remake — dead after repeated delays
Three unannounced new IPs
One additional unannounced project
One mobile title

Seven other titles delayed for quality.

Official screenshot from cancelled Prince of Persia remake

Last official look at the remake

Studio Closures

Ubisoft Halifax (Canada)
Ubisoft Stockholm (Sweden)

Restructurings: Abu Dhabi, Helsinki, Malmö.

Ubisoft restructuring and layoffs news image 2026

CEO Statement

“Today’s market environment requires that the Group step-changes how it is organized and operates... this reset will strengthen the Group and enable it to renew with sustainable growth and robust cash generation.”

— Yves Guillemot

Future Plans

Shift to five Creative Houses focused on Assassin's Creed, Far Cry, Rainbow Six.

Official Assassin's Creed Shadows artwork

Core franchise focus for recovery

Video Coverage

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