French video game developer Ubisoft is standing by its yearly financial goals after reporting first-quarter net bookings that edged past its own projections, even as the company continues to trim costs and delay some of its biggest upcoming releases.
The company posted first-quarter net bookings of 255.8 million euros — roughly $300 million — representing a 9.2% drop compared to the same period last year, but still slightly ahead of the 250 million euro target the company had set for itself.
Ubisoft also reaffirmed its targets for fiscal year 2026-27 and said it anticipates second-quarter bookings of approximately 370 million euros.
The company reported progress on its internal restructuring plan, pointing to the hiring of former Take-Two executive Christoph Hartmann to head Creative House 2, along with the closure of its studios in Winnipeg and Belgrade.
On the bright side for the gaming giant, “Assassin’s Creed Black Flag Resynced” — which launched on July 9 — moved 3.5 million copies in its first 14 days on the market. That figure surpassed the company’s own yearly sales expectations and made it the highest-rated entry in the Assassin’s Creed franchise since the original Black Flag game.
Looking ahead at the confirmed release schedule for 2026-27, Ubisoft announced that “Rayman Legends Retold” and “Just Dance Decades of Hits” are both slated to arrive in October. However, the company offered no additional information about other premium titles in development.
When pressed about what else is in the pipeline, Chief Financial Officer Frederick Duguet said the company would “unveil more of the program more precisely in the year to come.” He added that certain major productions have been pushed back to fiscal years 2028 and 2029 in order to raise quality standards in what he described as a more selective market.
