Ubisoft Projects Significant Decline in Revenue and Bookings for 2024/25

Okay, so here’s a thing, Ubisoft—massive French company, right? They spilled the beans on their earnings for this year and, uh, let’s just say, it’s not all sunshine and rainbows. Revenue took a nosedive, like, we’re talking a 17.5% dip, landing at about €1.9 billion (or $2.1 billion if you’re counting in dollars). And net bookings? Yeah, they dropped a hefty 20.5% to €1.84 billion. Back catalogue stuff didn’t fare better either—down 13.5%.

But hey, Yves Guillemot (the big boss man) is trying to look on the bright side. Kind of like finding a silver lining in a rainstorm, I guess. He’s all, “Yup, it’s been tough out there, lots of competition, you know the drill. But we’ve still managed to squeeze out some positive free cash flow.” Which is, well, something, right?

Oh, and they dropped Assassin’s Creed Shadows. Huge deal. Fans went bananas, apparently. So, maybe a win there? Yves also mentioned they’ve been trimming costs. Already knocked some of that out quicker than expected, and they’re gearing up to cut another €100m. Maybe they’re sharpening pencils and cutting back on the fancy coffee? Who knows.

Anyway, it all sounds like they’re trying to keep the ship afloat in choppy waters. Here’s hoping they have a few aces up their sleeves for the future.