Ubisoft has appointed advisors to review various strategic options, including those related to its capital structure, following ongoing reviews. The company is seeking to unlock the full value potential of its assets and franchises.
CEO Yves Guillemot stated that Ubisoft is taking decisive steps to reshape the company and deliver best-in-class player experiences, enhance operational efficiency, and maximize value creation. This includes a €200 million reduction in fixed costs.
As part of these efforts, Assassin’s Creed Shadows has been delayed by a month, from November 15, 2024, to March 20, 2025. Guillemot attributed this delay to the need for additional development time to incorporate player feedback gathered over the past three months.
Ubisoft also clarified its stance on reports of buyout discussions with Tencent, stating that they will inform investors if and when a transaction occurs. The company is expected to be highly selective regarding investments.
In terms of financial performance, Ubisoft reported lower-than-expected Q3 net bookings of €300 million due to the underperformance of Star Wars Outlaws and XDefiant. However, the company still predicts net bookings of €1.9 billion for the full year, with new partnership opportunities on the horizon.
Source: https://www.gamesindustry.biz/ubisoft-appoints-advisors-to-oversee-strategic-options