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2w ago

Ubisoft Delays Major Titles Following Financial Losses

The company reports a €159 million loss and a 20.5% drop in net bookings, pushing key releases to FY2026-27 to prioritize quality.

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'Assassin's Creed' came through with strong sales but could not keep Ubisoft from a net loss
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Overview

  • Ubisoft announced delays for several major upcoming games, citing the need for additional development time to ensure higher quality releases.
  • The company reported a €159 million net loss for FY2024-25, with net bookings falling 20.5% to €1.85 billion, slightly below its guidance.
  • Assassin's Creed Shadows achieved the second-highest Day 1 sales in franchise history, affirming the brand's strength despite broader portfolio challenges.
  • A Tencent-backed subsidiary valued at over €4 billion will focus on expanding Ubisoft's top franchises, including Assassin's Creed, Far Cry, and Rainbow Six.
  • Ubisoft plans further cost-cutting measures, targeting €100 million in savings over the next two years, following 3,000 layoffs since 2022.