Ubisoft Financials [Feb 13, 2025, 8:03 pm ET] – 7 Comments
Earnings season continues, as
Ubisoft reports 52% drop in Q3 net bookings, in line with guidance - Reuters,
noting "the company has been plagued by the underperformance of some of its key
titles." Word is the company is on track to meet future expectations, and that
preorders of Assassin's Creed Shadows are in line with those of
Assassin's Creed Odyssey. This concludes with word on "fixed cost
reductions," aka cuts, and more on extracting "best value" from the company's
assets:
The company now expects to exceed 200 million euros in fixed cost reductions by FY2024-25 versus FY2022-23, ahead of schedule, and plans to pursue these efforts in FY26.
Ubisoft said that the review of strategic options is ongoing and an ad-hoc independent board committee will oversee the process to extract the best value from Ubisoft’s assets and franchises for all stakeholders.
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