Ubisoft Announces Significant Decline in Revenue and Bookings for 2024/25

Sure thing, let’s go for a whirl.

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So, Ubisoft, that French gaming giant we all know and (maybe) love, spilled the beans about some, let’s say, less-than-stellar financials recently. We’re talking about revenue and those tricky net bookings for the year ending in March 2025. Doesn’t really sound fun, huh?

Picture this: They raked in €1.9 billion (which we can call $2.1 billion, ‘cause why not?) for the whole year. But wait, that’s actually down, like, 17.5% if you’re keeping track. And net bookings? Yeah, they nosedived 20.5% to €1.84 billion ($2 billion-ish). Some back catalogue stuff fell too, by 13.5% — €1.3 billion ($1.45 billion), if you’re counting.

But hey, Yves Guillemot, the CEO and top dog over there, is looking at the half-full glass somehow. He’s like, “Sure, it looks gloomy, but hey, we’ve got some bright spots!” Kinda feels like looking for sunshine on a cloudy day, doesn’t it?

Apparently, it was a rocky year with all sorts of mixed signals. Imagine trying to catch a signal on an old radio in the 90s. But cool thing, they somehow maintained positive cash flow. How? Don’t ask me. Maybe it’s some mysterious financial magic only CEOs understand.

Now, they did something big with Assassin’s Creed Shadows — which they’re calling a defining moment. Sounds epic, right? Like the kind of pivotal scene where the hero gears up for battle, minus the dramatic soundtrack. The fans are on board, which I guess is a win.

Oh, and they wrapped up some cost savings action early. (Must be nice to be ahead of schedule for once, ha!) They’re planning more savings, at least €100 million over the next couple of years. Seems like they’re prepping for a marathon, not a sprint. Good luck, Ubisoft!