Ubisoft reported Q3 fiscal 2024-25 net bookings of €301.8 million, a 51.8% year-on-year decline, with nine-month bookings totaling €944 million, down 34.8%.
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The company reaffirmed its full-year targets of approximately €1.9 billion in net bookings and break-even non-IFRS operating income, banking on the March 20 launch of Assassin’s Creed Shadows to drive Q4 results.
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Ubisoft is ahead of schedule on a cost-reduction program targeting over €200 million in fixed-cost savings by FY 2025 through studio closures and restructuring.
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A strategic review committee is formally assessing transformational options to unlock asset value, with plans to disclose potential transactions if they become material.
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Geographic concentration remains high in North America (50%) and Europe (35%), while the platform mix shifted toward consoles (55%) and mobile (10%) compared to the previous year.
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Despite revenue declines, core engagement metrics remain stable with 36 million monthly active users and increases in playtime (4%) and session days per player (7%).
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Back-catalog performance remains a critical revenue driver, with titles like Rainbow Six Siege and Assassin’s Creed Mirage sustaining strong engagement.
Insights
01
Ubisoft reported Q3 fiscal 2024-25 net bookings of €301.8 million, a 51.8% year-on-year decline, with nine-month bookings totaling €944 million, down 34.8%.
02
The company reaffirmed its full-year targets of approximately €1.9 billion in net bookings and break-even non-IFRS operating income, banking on the March 20 launch of Assassin’s Creed Shadows to drive Q4 results.
03
Ubisoft is ahead of schedule on a cost-reduction program targeting over €200 million in fixed-cost savings by FY 2025 through studio closures and restructuring.
04
A strategic review committee is formally assessing transformational options to unlock asset value, with plans to disclose potential transactions if they become material.
05
Geographic concentration remains high in North America (50%) and Europe (35%), while the platform mix shifted toward consoles (55%) and mobile (10%) compared to the previous year.
06
Despite revenue declines, core engagement metrics remain stable with 36 million monthly active users and increases in playtime (4%) and session days per player (7%).
07
Back-catalog performance remains a critical revenue driver, with titles like Rainbow Six Siege and Assassin’s Creed Mirage sustaining strong engagement.