(Reuters) – The French publisher of Ubisoft video games announced on Wednesday a 20.5% drop in its net booking for all of its offbeat exercise, after partnerships lower than expectations for calendar reasons.
The manufacturer of Assassin’s Creed or Cretin Rabbids video games reported net reservations (“net bookings”) of 1.85 billion euros for the entire financial year at the end of March, slightly below his forecasts at around 1.9 billion euros.
Ubisoft “plans to announce a new organization by the end of the year, with the aim of better meeting the expectations of players, guaranteeing a quality of higher game and ensuring a disciplined capital allowance,” the company said in a press release.
For exercise 2025-2026, the group expects a net stable booking over a year, a non-wearing operating profit close to balance and a negative free cash flow “reflecting the group’s transformation”, according to a press release.
The group plans to benefit from a solid back-catalog relying in particular on “Assassin’s Creed Shadows” and the release of “Siege X”, which should generate strong growth in net reservations of the franchise in 2025-2026.
He also quotes the future benefits of recurring partnerships as well as line-up with “Anno 117: Pax Romana”, the remake of Prince of Persia “,” Rainbow Six Mobile “and” The Division Resurgence “.
“Ubisoft has faced challenges this year, with contrasting dynamics within our portfolio in a highly competitive environment within industry,” said Yves Guillemot, co-founder and general manager of the group.
“Despite these difficulties, Ubisoft has managed to generate a positive free cash flow in the exercise, a reflection of the discipline applied through the group,” he added.
At the end of March, the company created a subsidiary for its franchises “Assassin’s Creed”, “Far Cry” and “Tom Clancy’s Rainbow Six”. The Chinese group Tencent will invest 1.16 billion euros to acquire 25% of the shares of the new subsidiary, estimated at around 4 billion euros.
Following the fence of the Tencent transaction, the group plans to maintain a consolidated net debt close to zero.
(Written by Mara Vîlcu, with Adrianna Ebert, edited by Kate Entringer)
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