Overview
- Net bookings rose 12% year-on-year to €338 million, beating November guidance, as quarterly revenue reached €318 million.
- Ubisoft kept its full-year targets for about €1.5 billion in bookings and an operating loss near €1 billion.
- Results were driven by Assassin’s Creed, including a December launch on Nintendo’s Switch 2, and an updated Avatar tie-in game.
- The company is restructuring into five genre-focused Creative Houses after canceling six games and closing studios, with leadership appointments starting in March.
- Management expects €1.25–€1.35 billion in cash by end-March and is exploring ways to extend debt maturities beyond a roughly €500 million bond due in November 2027, as French staff held a three-day strike over workplace policies this week.