Overview
- Ubisoft disclosed on Wednesday that it posted a record IFRS operating loss of about €1.3 billion for the year to March 2026 with full‑year revenue and net bookings down roughly 22% and 17% respectively.
- The publisher said it expects fiscal 2026‑27 to be a financial low point with sales set to fall about 8–9% and potential cash burn up to €500 million before a planned return to profit in 2027‑28.
- Management has pressed ahead with a sweeping reset that cancelled seven projects, delayed six others, cut about 1,200 jobs and reorganised studios into five 'creative houses' to cut costs and speed development.
- As part of the strategy Ubisoft will lean on live‑service titles and generative AI features such as its 'Teammates' experiment, and it has named Nicolo Laurent as an adviser to Tencent‑linked Vantage Studios overseeing top franchises.
- Markets reacted sharply with shares plunging more than 15% and the company is in talks with lenders on near‑term refinancing while unions and staff face continued workplace changes and closures.