Don't Nod, the Paris-based video game developer, is forecast to exhaust its cash reserves by November 2026 without new funding, auditors have warned [1, 2]. The company had €8.8 million in reserves as of April 2026 but only about five months of capital remaining at that time [1, 2].
Tencent holds a 42 percent stake in Don't Nod but has refused to fund the developer’s next project or increase its financial involvement [1, 2]. Don't Nod's president, Oskar Guilbert, has been seeking financing from other publishers but so far has not secured commitments [1].
The studio has scaled back plans for its upcoming game, Project P14, considering an earlier release with a reduced scope due to limited resources [1].
Don't Nod operates from its headquarters in Paris with a satellite studio in Montreal, where staff layoffs took place in early 2025 following broader redundancies announced in 2024. These job cuts came after underperformance of recent titles including Jusant and Banishers: Ghosts of New Eden [1].
Recent releases such as Harmony: The Fall of Reverie, Jusant, Banishers: Ghosts of New Eden, and Aphelion have underperformed commercially, further straining the company’s finances [2]. Aphelion, released in April 2026, failed to meet market expectations [2].
The company’s board planned to meet on June 17, 2026, to explore potential financial solutions to avert a crisis [1]. Without securing new funding imminently, Don't Nod risks jeopardizing its ability to continue operations [2].
