Overview
- Ubisoft reported first‑quarter net bookings of €255.8 million, a 9.2% year‑on‑year decline, in results published July 23 that left revenue down about 13–14 percent.
- Assassin’s Creed Black Flag Resynced, released on July 9, sold 3.5 million copies within 14 days and hit roughly 105,000 concurrent PC players on Steam, outperforming the company’s annual sales expectations.
- Despite the strong remake, management kept 2026–27 guidance and forecast Q2 net bookings around €370 million, saying a crowded release calendar and selective publishing limit raising targets.
- As part of a broader transformation Ubisoft named Christoph Hartmann to lead Creative House 2, closed its Winnipeg and Belgrade studios, and said it will pursue at least €200 million more in cost cuts on top of prior measures.
- Investors reacted negatively to the results with shares plunging intraday, and Ubisoft warned that several major premium projects have been pushed into fiscal 2028–2029 to improve quality, a change that could slow the company’s blockbuster output and affect staff at impacted sites.