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(Corrects Murderer’s Creed identify in headline)
By Leo Marchandon
Feb 12 – French online game writer Ubisoft confirmed its full-year monetary targets on Thursday after third-quarter bookings exceeded firm forecasts, pushed by its flagship “Murderer’s Creed” franchise.
Web bookings for the quarter reached 338 million euros ($402 million), up 12% year-on-year and above the 305 million euro steerage the corporate issued in November.
Ubisoft maintained its forecast for full-year bookings of round 1.5 billion euros and an working lack of roughly 1 billion euros.
Ubisoft’s shares have fallen greater than 80% from their 2018 peak because the firm grappled with recreation delays, weak execution, and investor issues over its potential to return to profitability.
The steerage was initially introduced in January when Ubisoft unveiled a reorganization that included cancelling six video games and shutting studios in Halifax, Canada, and Stockholm. The corporate had initially projected 1.9 billion euros in bookings earlier than the January overhaul, which cut up operations into 5 genre-focused divisions known as “Artistic Homes.”
The appointment of Artistic Home management will begin in March and embody exterior hires of trade veterans, Ubisoft mentioned.
Ubisoft, additionally behind the “Far Cry” franchise, mentioned its manufacturers attracted round 130 million distinctive energetic customers throughout consoles and PC in 2025. The third quarter’s outperformance was pushed by stable efficiency from “Murderer’s Creed Shadows,” which launched on Nintendo‘s Swap 2 in December.
Ubisoft mentioned it expects money reserves of between 1.25 billion and 1.35 billion euros by end-March, ample to cowl a bond maturity of just below 500 million euros due in November 2027.
Chief Monetary Officer Frederick Duguet mentioned in a name the corporate is “taking a look at a number of choices” to increase the common maturity of its debt past that date. The corporate’s whole debt stood at 1.15 billion euros at end-September.
($1 = 0.8412 euros)
(Reporting by Leo Marchandon in Gdansk; Modifying by Matt Scuffham)
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