Ubisoft Announces 2.9% Decline in Net Bookings

Sure thing, let me dive into this. So, Ubisoft, right? They’re this big-deal French gaming company. Apparently, they just had a bit of a financial hiccup. Imagine this: they’re chatting with shareholders, trying to explain why they made less money this quarter—like, €281.6 million instead of more. I mean, it’s still a truckload of cash, but hey, numbers, right? They blame a dip of 2.9% on a couple things. Like, Rainbow Six: Siege didn’t really wow anybody. Plus, some partnership got delayed. Bummer.

Oh, but get this—here’s where it gets a little interesting. Their old game catalog actually did pretty well, bringing in €260.4 million. That’s a 4.4% bump from last year. Not too shabby for old stuff, huh?

Now, they’re shaking things up and calling it “Creative Houses.” Sounds fancy, but it’s basically just them reorganizing into different sections or something. Apparently, Tencent’s involved—big surprise in the gaming world.

Yves Guillemot, the head honcho, talks about their big plans. Something about making these divisions focus more, with added creative zing. So, they want each “House” to kind of do its own thing but contribute to the overall pie. Makes you wonder how new ideas mesh in these setups—could be genius or chaos, who knows?

Anyway, they’ve got this new division handling all their big hitters like Assassin’s Creed and Far Cry. They even announced who’s in charge, which is supposed to set them up for being quicker and more stable at the same time. Yeah, the usual corporate promises, I guess.

So, there it is—a bit messy but hey, that’s life in the biz world.