Ubisoft has released its latest financial summary, which covers the 2024-25 fiscal year, and it’s safe to say that things aren’t exactly looking up for the studio right now.
In its presentation, Ubisoft reveals that both sales and profit are down compared to last year. The period in question technically also covers the launch of recent flagship game Assassin’s Creed Shadows, so although the game’s sales performance was strong, it wasn’t enough to save the studio from a tough year.
In an accompanying press release, Ubisoft says it will refocus its efforts towards “more evergreen offering(s)” as part of a “product roadmap optimization”, presumably meaning we can expect to see fewer one-off titles and more live-service-adjacent games from the company.
Additionally, Ubisoft says it will continue its ongoing cost reduction program, as part of which the company hopes to slash “at least €200m” from its costs by the next financial year.
The studio says it’s already achieved a reduction of “around €205 million” as of March 31st, but that a further €100m will need to be cut over the next two years, which means that we could see a repeat of the sweeping cuts that saw three Ubisoft studios close their doors in the last six months or so.
Company CEO Yves Guillemot says the plan is to build “evergreen, billion-euro-brand ecosystems” based on Ubisoft’s three most successful franchises: Assassin’s Creed, Rainbow Six, and Far Cry.
That’s the rationale behind the creation of a brand new corporate entity for the company’s core IP, which was first mooted back in March before being made official later in the year.
Guillemot goes on to say that as part of a “review” of Ubisoft’s “pipeline”, the studio has made the decision to “provide additional development time to some of [its] biggest productions”.
He doesn’t name those productions, but upcoming titles include mobile game The Division Resurgence and the long-awaited Prince of Persia: The Sands of Time Remake, so it’s entirely possible that both of these productions will be delayed even further.
You can check out Ubisoft’s full financial presentation here if you want to read an overwhelming amount of corpo-speak (and look at some numbers as well, I suppose).