Ubisoft Shares Plummet After Releasing Its FY2024-25 Financial Reports
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- Ubisoft’s shares have fallen by 20% a day after releasing its FY2024-25 financial reports.
- The studio reported that it did not generate profits and actually lost 82.6 million euros.
- In the same report, Ubisoft mentioned that the studio is going to delay some of its games.
Ubisoft’s shares fell by 20% on May 15, a day after releasing its financial reports for fiscal year 2024-25. The studio’s reports show that it didn’t generate a profit and actually lost 82.6 million euros during the fiscal year.
Ubisoft’s annual revenue also showed a significant slowdown, dropping by 17.5% compared to last year. The studio’s net bookings are also down by 20.5%, showing that the studio lost significant money. Ubisoft commented on the net bookings lost and said that it’s “slightly below objective” and that it might be due to “timing impact.”
Additionally, the studio writes that it’s going to continue to do “targeted restructuring” even after letting go of around 1,230 employees in the year. Ubisoft plans to reduce its fixed cost base by an additional 100 million euros over the next two years, according to the financial report.
The studio’s outlook for FY2025-26 includes a stable net booking year-on-year, as well as break-even in operating income and negative free cash flow. Beyond that, the company expects to be profitable starting in FY2026-27.
In the same report, Ubisoft mentioned that it’s going to delay its big games after carefully examining its roadmap and production timeline. Assassin’s Creed Shadows experienced a couple of delays before its release in March 2025.
