Updated Jun 25, 2026 by Ubisoft
Ubisoft is targeting a €500 million reduction in fixed costs by March 2028 compared to FY23 levels to restore sustainable growth.
The company is restructuring into five specialized Creative Houses to focus on core franchises like Assassin’s Creed, Far Cry, and Rainbow Six while improving operational agility.
Ubisoft has canceled six projects, including the Prince of Persia: The Sands of Time remake and four unannounced titles, while extending development timelines for seven others to prioritize quality.
The company projects an FY26 non-IFRS EBIT loss of approximately €1 billion, driven by €650 million in one-off depreciation charges from canceled and delayed games.
To achieve a target run-rate fixed cost base of €1.25 billion by 2028, Ubisoft is closing studios in Halifax and Stockholm and restructuring operations in Abu Dhabi, RedLynx, and Massive.
Ubisoft anticipates net bookings of approximately €1.5 billion for FY26 as it pivots toward a more disciplined approach to capital allocation and AAA market selectivity.
Ubisoft is targeting a €500 million reduction in fixed costs by March 2028 compared to FY23 levels to restore sustainable growth.
The company is restructuring into five specialized Creative Houses to focus on core franchises like Assassin’s Creed, Far Cry, and Rainbow Six while improving operational agility.
Ubisoft has canceled six projects, including the Prince of Persia: The Sands of Time remake and four unannounced titles, while extending development timelines for seven others to prioritize quality.
The company projects an FY26 non-IFRS EBIT loss of approximately €1 billion, driven by €650 million in one-off depreciation charges from canceled and delayed games.
To achieve a target run-rate fixed cost base of €1.25 billion by 2028, Ubisoft is closing studios in Halifax and Stockholm and restructuring operations in Abu Dhabi, RedLynx, and Massive.
Ubisoft anticipates net bookings of approximately €1.5 billion for FY26 as it pivots toward a more disciplined approach to capital allocation and AAA market selectivity.