Ubisoft’s latest financial report confirms that Assassin’s Creed Shadows is its last chance to turn around the struggling company. The third-quarter report reveals a sharp 47.5% drop in revenue and a 51.8% decline in net bookings compared to the same period last year, with total IFRS 15 sales totaling €318.1 million.
The report highlights Ubisoft’s Cost Reduction Plan, which includes shutting down ongoing projects, closing four production studios, and laying off developers. The company now expects to exceed €200 million in fixed cost reductions by the end of FY25, but plans to pursue further efforts in FY26.
Despite the grim financial outlook, Ubisoft anticipates net bookings to grow in Q4 FY25 due to the release of Assassin’s Creed Shadows on March 20. However, expectations for the game’s success seem overly optimistic, with €1.9 billion in net bookings anticipated, a long way from its pre-orders comparable to Assassin’s Creed Odyssey.
The report also praises Shadows’ “immersive world” and “stunning graphics,” but it remains to be seen whether this will translate into financial success. The game’s release may be the only thing that saves Ubisoft from further decline in 2025, at least for now.
Source: https://80.lv/articles/ubisoft-s-sales-down-nearly-50-more-layoffs-studio-closures-likely