Ubisoft Reports Record Net Bookings Despite 1,700 Layoffs

The gaming giant shifts focus to open world and live service games while achieving significant cost reductions.

Ubisoft's annual revenue grew by 27% to €2.3 billion, with net bookings up 34% year-over-year.
The company laid off over 1,700 employees in 18 months as part of a cost reduction program saving €150 million.
Key franchises like Rainbow Six Siege and Assassin's Creed saw substantial growth in active users and net bookings.
Ubisoft plans to focus on open world adventures and games-as-a-service to drive future growth.
New titles, including Assassin's Creed Shadows and Star Wars Outlaws, are set to launch in the coming months.