Overview
- Ubisoft reported an IFRS operating loss of about €1.3 billion for the year to March 2026 and said net bookings fell 17.4% to roughly €1.53 billion.
- Quarterly sales collapsed with net bookings down 54% to €415 million in the fourth quarter, a drop the company links to delayed and cancelled releases.
- Management warned 2026‑27 will be a further low point with sales falling about 8–9%, a high single‑digit operating loss margin and up to €500 million of cash burn.
- The publisher has cut about 1,200 jobs, cancelled seven projects and delayed six others while reorganising half its studios into five 'creative houses' to reduce fixed costs.
- Ubisoft says it has near‑term cash to meet debts, is negotiating with lenders to refinance maturities, has appointed Nicolo Laurent to advise Vantage Studios and plans new major franchise releases in fiscal 2027‑28 to 2028‑29.