Skull and Bones

Ubisoft Strategic Focus Update: 2022-23 Financial Targets

Ubisoft has announced a significant strategic pivot to address recent financial underperformance and shifting industry dynamics characterized by a move toward mega-brands and long-term live services.

• Ubisoft is pivoting to a brand-centric strategy, canceling seven projects and prioritizing high-impact franchises to counter recent financial underperformance.
• The company expects a full-year net bookings decline of over 10%, a significant reversal from previous projections of 10% growth.
• Management forecasts a non-IFRS operating loss of €500 million for the 2022-23 fiscal year.