Ubisoft reports record loss and warns of continued profit decline

French video-game publisher Ubisoft announced a record operating loss of €1.3 billion for the fiscal year to March 2026, with net bookings falling 17.4% to €1.53 billion. The company also forecast a further sales decline of 8‑9% and a high‑single‑digit operating loss margin for the 2026‑27 year, projecting first‑quarter net bookings of about €250 million – well below analysts’ expectations.

Following the results, Ubisoft shares plunged between 15% and 16% on the Paris stock exchange. The decline follows a large‑scale restructuring that cut roughly 1,200 jobs, merged studios into five “creative houses”, cancelled seven game projects and delayed six others. CEO Yves Guillemot described the 2026‑27 period as a “low point” but said the company expects a rebound from 2027‑28 as new titles launch. Ubisoft also announced a senior adviser from Tencent’s Riot Games to help its flagship franchises.

The company said it has enough cash to meet near‑term debt obligations and is seeking to refinance upcoming maturities while targeting further cost reductions to stabilise cash flow.