Ubisoft confirms targets after strong Assassin's Creed bookings 

(Corrects Assassin's Creed name ‌in headline)

By Leo ​Marchandon

Feb ​12 - French video game publisher Ubisoft confirmed its full-year financial targets on Thursday after third-quarter bookings exceeded company forecasts, driven ‌by its flagship "Assassin's Creed" franchise.

Net bookings for the quarter reached ⁠338 million euros ($402 million), up 12% year-on-year and above the 305 million euro guidance ‌the company issued in November.

Ubisoft ‌maintained its forecast for full-year bookings of around 1.5 billion euros and an operating loss of roughly 1 billion euros.

Ubisoft's shares have ​fallen more than 80% from their 2018 peak as the company grappled with game delays, weak execution, and investor concerns over its ⁠ability to return to profitability.

The guidance was initially announced in January when Ubisoft unveiled a reorganization that ​included cancelling six games and closing studios in Halifax, Canada, and Stockholm. The company had originally projected 1.9 billion ​euros in bookings before the January ‌overhaul, which split operations into five genre-focused divisions called "Creative Houses."

The appointment of Creative House leadership will start in March ⁠and include external hires of industry veterans, Ubisoft said.

Ubisoft, also behind the "Far Cry" franchise, said its brands attracted around 130 million unique active users across consoles ⁠and PC in 2025. The third quarter's outperformance was driven by solid performance from "Assassin's ​Creed Shadows," which launched on Nintendo's Switch 2 in December.

Ubisoft said it expects cash reserves of between 1.25 billion and 1.35 billion euros by end-March, sufficient to ‌cover a bond maturity of just under 500 million euros due in November 2027.

Chief Financial Officer Frederick Duguet ‌said in a call the company is "looking at several options" to extend the ⁠average maturity of its debt ‌beyond that date. The ​company's total debt stood at 1.15 billion euros at end-September.

($1 = 0.8412 euros)

(Reporting by Leo Marchandon in Gdansk; Editing by ‌Matt Scuffham)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• UK will continue to support Ukraine '100%', PM Burnham says
• Why states fought to present a united case against Meta over youth social media harms
• Analysis-Canada's pipeline ambitions hinge on uncertain output expansion