Ubisoft’s Revenue Drops by Half in Q3 Compared to Last Year

Ubisoft, the renowned French publisher, recently disclosed a notable 47.5% dip in revenue for the quarter ending in December. During this period, the company reported earnings of €318.1 million ($344.2 million), a significant drop from the €606.4 million ($637 million) achieved the previous year. Similarly, their net bookings took a hit, plunging by 51.8% to €301.8 million.

A significant portion of these net bookings, valued at €268 million ($281.6 million) and accounting for 88% of the total, came from their back catalogue, although these figures have dipped compared to the last year.

Yves Guillemot, Ubisoft’s CEO and co-founder, addressed investors, saying, “We’re entirely concentrating on the forthcoming launch of Assassin’s Creed Shadows, set for March 20.” He also shared that the game has received promising early feedback, particularly highlighting the narrative depth and engaging gameplay, enhanced by the dual protagonist design. Guillemot didn’t hold back his praise for the Assassin’s Creed team, acknowledging their relentless efforts to deliver what aims to be the most ambitious entry in the franchise yet.

At the same time, Ubisoft is making strides with its cost-cutting strategies. Thanks to a disciplined approach, Guillemot mentioned they’ve initiated further focused restructures, making tough but necessary decisions, and now predict surpassing their cost reduction target by the end of FY25, well ahead of schedule. The company intends to continue these efforts into FY26, significantly exceeding their initial goals.

Guillemot also touched upon their ongoing strategic review process, announced earlier this year. The ultimate aim is to maximize value for stakeholders and cultivate the best environment for game development in today’s rapidly changing market. “We believe there are several promising paths to achieving this goal,” he concluded.