Hit by historic losses, Ubisoft will refocus on Assassin's Creed and free-to-play games

, by Thibaut

Hit by historic losses, Ubisoft will refocus on Assassin's Creed and free-to-play games

Things are going (very) badly for Ubisoft. The French publisher has just released its results for the last financial year (April 2022 - March 2023). The multinational company records €585.8 million in operating losses and €494.7 million in net losses. The revenue of €1.81 billion represents a decline of approximately -15% compared to last year. This is one of the worst financial statements in the history of the company led by Yves Guillemot.

The company will therefore proceed with a new cost reduction of over €200 million. This will be done through layoffs and a realignment of its catalog. Indeed, Ubisoft plans to focus on free-to-play games and the Assassin's Creed franchise in the future. For this purpose, the teams dedicated to the development of episodes in the saga will increase by 40% in the coming years. On the other hand, the launch of Assassin's Creed Mirage is still scheduled for the current financial year. Thus, it will be released before March 31, 2024.

Source: videogameschronicle.com

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