Ubisoft takes decisive action to reshape operations as quality concerns mount
Summary
€200M+ cost reduction target by FY2025-26
Assassin's Creed Shadows delayed one month for quality improvements
Q3 net bookings expected around €300M, down from Star Wars Outlaws underperformance
Company exploring strategic and capitalistic options with advisors
"We have taken decisive steps to reshape the Group in order to deliver best-in-class player experiences, enhance operational efficiency and maximize value creation" - Yves Guillemot, CEO
01
Cost reduction accelerates
Exceeding €200M fixed cost base reduction vs FY2022-23
Highly selective investment approach implemented
Previous layoffs included 45 employees in August 2024
XDefiant cancellation led to studio closures in Osaka and San Francisco
02
Strategic review underway
Leading advisors appointed to review transformational options
Independent board members overseeing process
Majority shareholders Guillemot family previously explored buyout with Tencent
Multiple potential paths identified for asset value generation
03
Quality focus drives delays
Assassin's Creed Shadows moved from February 14 to March 2025
Extra development month incorporates three months of player feedback
Star Wars Outlaws delivered lower-than-expected holiday sales
Company targeting most ambitious Assassin's Creed opus
04
Financial impact visible
Q3 net bookings around €300M primarily due to Star Wars Outlaws underperformance
XDefiant discontinuation contributing to reduced expectations
Market will be informed of any materialized transactions per regulations
05
Future positioning
Strategic and execution reviews progressing toward stronger future
Teams focused on delivering ambitious Assassin's Creed experience
Company confident in positioning for enhanced operational efficiency
Multiple value creation paths being actively explored through advisor partnerships
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