During its recent earnings report, Ubisoft revealed that the last fiscal year was marked by more losses for the company. These losses total up to around €1.3 billion (roughly $1.40 million) for the year ending on March 31st, 2026, and overall net bookings for the company have fallen by 17.4 percent when compared to the previous year, down to €1.53 billion.
It also forecasted around 8 to 9 percent more losses in fiscal year 2027, amounting to around €500 million. Profitability for the company is expected to return, complete with positive free cash flow, in FY28. This is attributed to its upcoming games that will feature plenty of ways to engage players and even get them to spend more money.
Going into more specifics, the company has promised that it will be releasing new games in its biggest franchises—Assassin’s Creed, Far Cry, and Ghost Recon—by the end of March 2029. While Ubisoft didn’t go into further detail, Assassin’s Creed Codename Hexe is going to be among the games released in this period.
One of the biggest reasons for the company’s losses last year has been its major restructuring, which revolved around the consolidation of franchises and genres between five distinct “Creative Houses”. The restructuring was announced back in January and was revealed alongside the cancellation of several of the company’s upcoming games, including Prince of Persia: The Sands of Time Remake.
Among these Creative Houses is Vantage Studios, which has been put in charge of the Assassin’s Creed, Far Cry, and Rainbow Six franchises. The fact that Ghost Recon was also mentioned as part of Ubisoft’s plans going forward likely also means that Creative House 2 is hard at work, since it is in charge of the franchise.
In the meantime, Ubisoft has also fallen into plenty of trouble with workers’ unions thanks to its plans for further cost-cutting, as well as a series of layoffs. The company’s restructuring announcement, as well as a long line of layoffs, led the Ubisoft Paris employee union to call for the resignation of CEO Yves Guillemot. Union representatives Marc Rutschlé and Chakib Mataoui criticized the upper leadership of the company, calling out Guillemot for nepotism in light of his son, Charlie Guillemot, being assigned as co-CEO of Vantage Studios, as well as an overall lack of diversity.
One of the more recent instances of these layoffs was Red Storm Entertainment, which was reportedly working on 10 different projects before its development team was let go. These included Brawlhalla, Beyond Good and Evil 2, and The Division 2. Around 105 employees have seemingly been affected.
Ubisoft is currently gearing up for the release of Assassin’s Creed Black Flag Resynced—a ground-up remake of 2013’s Assassin’s Creed 4: Black Flag. The title got a trailer earlier this week showcasing its core gameplay without any of the in-game HUD getting in the way.
Assassin’s Creed Black Flag Resynced is coming to PC, PS5, and Xbox Series X/S on July 9th.
