The French publisher forecasts lower sales and cash burn up to 500 million euros in 2026-27 amid restructuring efforts.
Ubisoft reported a record operating loss of 1.3 billion euros ($1.40 billion) for the year ending March 2026, citing weak game launches and delays. Net bookings dropped 17.4% to 1.53 billion euros, pressuring the company’s financial outlook.
For 2026-27, Ubisoft expects sales to decline 8% to 9%, with a high single-digit operating loss margin and cash burn reaching 500 million euros. The company aims to return to profitability in 2027-28, driven by a stronger release slate and growth in live-service games.
First-quarter net bookings are projected at 250 million euros. Ubisoft assured it has sufficient cash for near-term debt repayments but is negotiating with lenders to refinance upcoming maturities.