Overview
- Net bookings rose 12% year-on-year to €338 million in the October–December quarter, with revenue at €318 million, both exceeding expectations.
- Full-year guidance was left unchanged at around €1.5 billion in bookings and an operating loss of roughly €1 billion.
- Performance was led by the Assassin’s Creed franchise, including the December launch of Assassin’s Creed Shadows on Nintendo’s Switch 2, alongside an updated Avatar tie-in.
- The company’s reset is consolidating studios into five genre-focused creative houses, targeting €200 million in savings, cutting roles including up to 200 in Paris, and canceling projects and closing studios such as Halifax and Stockholm, prompting a three-day strike by several hundred French staff.
- Ubisoft expects €1.25–€1.35 billion in cash by end-March, had €1.15 billion in total debt at end-September, is exploring options to extend maturities, and faces a bond of just under €500 million due in November 2027.