Overview

• Ubisoft reported first-quarter net bookings of €281.6 million, missing its €310 million target and marking a 2.9% year-on-year decline.
• The company cited underperformance of Rainbow Six Siege and a partnership delay to the second quarter as the main reasons for the booking miss.
• It unveiled a reorganization into autonomous Creative Houses by game genre, starting with a Tencent-backed unit overseeing Assassin’s Creed, Far Cry and Rainbow Six.
• Ubisoft reiterated its full-year guidance and projected approximately €450 million in net bookings for the second quarter.
• The overhaul forms part of a broader turnaround plan after a €159 million net loss and more than 2,000 job cuts in fiscal 2024-25.