Overview
- On Thursday, July 23, Ubisoft reported first-quarter net bookings of €255.8 million, a 9.2% fall year-on-year that nonetheless sat slightly above its guidance.
- Revenue for April–June dropped about 14% to €268 million and the stock fell sharply after the results, reflecting weak investor confidence in the group's recovery path.
- Assassin’s Creed Black Flag Resynced, the first release from new label Vantage Studios, sold roughly 3.5 million copies in its first 14 days and outperformed the company's short-term expectations.
- Ubisoft said it will push some major productions into fiscal 2028 and 2029, has closed studios in Winnipeg and Belgrade, and announced an additional €200 million of cost cuts on top of earlier savings measures.
- Workers in affected locations have staged walkouts over layoffs, and the company says it will provide more pipeline detail over the year as it balances near-term cash and a longer-term drive to improve game quality.