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.
Overview
- 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.